IDB official says urgent pension reform needed in the C’bean Marlon Madden02/04/20211312 views Urgent pension reform will have to take place in Barbados and other Caribbean states as they continue to witness an aging population and dwindling contributions. The reminder has come from… Read more
Credit rating holds, but warning issued Barbados Today10/01/20210438 views Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed Barbados’ credit rating of CariBB for local currency and CariBB- for foreign currency. The regional rating agency has also assigned… Read more
Barbados’ debt levels likely to rise by year-end Marlon Madden13/10/20201331 views The World Bank is painting a dim picture of the Barbados economy for 2020, with a forecast that the economy would shrink about 11.6 per cent. In its semiannual report… Read more
Region urged to restructure economies amid COVID-19 Marlon Madden24/09/20201237 views With tourism in the region crippled as a result of the COVID-19 pandemic, several economists are advising that Barbados and other Caribbean countries move with haste to diversify their economies,… Read more
Sensible move by Government – Ram Marlon Madden16/09/20200327 views Government has put a pause on reducing its massive debt to gross domestic product (GDP) ratio as it seeks to address a number of economic and social challenges brought on… Read more
Economist says monitor stress in the financial system Barbados Today15/09/20200331 views While Barbados has been able to hold its economy together so far despite the severe strain posed by the COVID-19 pandemic, a leading economist says Government should keep an eye… Read more
IMF says BERT making headway despite COVID-19 Marlon Madden29/08/20200337 views by Marlon Madden Two months ahead of its fourth review of the Barbados Economic Recovery and Transformation (BERT) programme, the International Monetary Fund (IMF) is giving the country a passing… Read more
Top economic advisors say austerity targets will shift if need be Barbados Today25/08/20201295 views Nothing, not even the terms of an International Monetary Fund (IMF) agreement, will hinder the Mia Mottley-led administration’s commitment to the social welfare of citizens, two high-profile Government advisors have… Read more
PdP ‘pessimistic’ Govt bond scheme meets revenue target Marlon Madden22/08/20200285 views The Opposition People’s Party for Democracy and Development (PdP) has declared deep pessimism about the Government’s cash-for-bonds initiative bringing in its projected $153 million for capital works projects over the… Read more
Governor: A welcomed boost Barbados Today08/08/20200292 views Central Bank Governor Cleviston Haynes is banking on the highly-publicised 12-Month Barbados Welcome Stamp contributing significantly to the overall economic development of the country. However, he said for this to… Read more