Economy

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

As Barbados slowly reopens its economy for the conduct of full business activity in light of the COVID-19 pandemic, a former Central Bank Governor has proposed new guidelines for the …