Economy

A short-term $7.9m subsidy designed to cushion households and businesses from rising fuel costs that was set to expire at month-end may be extended, Barbados TODAY can exclusively reveal, after …

A senior opposition figure has accused government of outright withholding key financial information, arguing that unanswered questions about major public projects and spending have become too frequent to ignore. Senator …

Facing mounting public criticism over transparency to the Press, Central Bank Governor Dr Kevin Greenidge has apologised for dismissing a reporter’s question about the cost of the BiMPay system, revealing …

Barbados’ economic recovery drive will hinge on deeper private-sector investment, said a regional lender on Tuesday, as it signalled plans to expand direct financing to businesses to support the island’s …

The government is opening direct access for Barbadian businesses to regional development financing and export markets, as full membership in the Development Bank of Latin America and the Caribbean (CAF) …

The government and the National Insurance and Social Security Service (NISSS) are advancing a series of reforms to strengthen the National Insurance Fund’s (NIF) long-term sustainability, officials have said, after …

Barbados will not transition to a cashless economy, the Central Bank governor said on Monday, moving to reassure the public even as digital payment systems rapidly reshape how people and …

New national instant payment system BiMPay is “working well”, as nearly $8m passed through more than 20 000 transactions in two days of operations despite some users experiencing registration challenges, …

A strong and targeted change in private investment is urgently needed to curb the Caribbean’s rising food import bill and drive long-term economic transformation, agriculture minister Dr Shantal Munro-Knight has …