IDB Highlights Barbados’ Crumbling Infrastructure
The IDB Caribbean Region Quarterly Bulletin: Volume 8, Issue 3: September 2019 was recently released and the review of Barbados is found at page 7 of the report.
The conclusion of the report:
Underpinning growth constraints in Barbados is the need to invest in infrastructure. The worsening quality of infrastructure indicators reflects an aging capital stock and declining infrastructure investments. Given the country’s fiscal stance and economic reform program, new investments will likely remain constrained in the next few years. The calls for the support of other investment modalities, such as PPPs. Further promoting resilience in infrastructure investments will also be of the utmost importance given the country’s vulnerabilities to climate change and natural disasters.