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Dr. Kim Quimby, a Lecturer in Immunology at UWI, Cave Hill appointed to the committee to advise the government of Barbados on the selection of vaccines issued the following chilling pronouncement recorded elsewhere in the press.

I don’t think anyone can say at this time when we will get back to normal. There are just a lot of variables going on.

There is also the mutation that you have to worry about and the decrease efficacy in the viral mutation. You don’t know how long it is going to continue.

If we don’t get everyone vaccinated quickly there is an increased risk of more mutation. So there are just too many unknowns to say when we can get back to normal. We just got to do what we can do at this point…

Dr. Kim Quimby

The statement is chilling because the government of Barbados and other countries with an overdependence on tourism and services have been adopting a wait and see strategy of borrowing to protect the way of life we have become accustomed. Some will define that way of life as living way above our ability to earn (afford).

We hope Dr. Quimby’s dispassionate warning based on training is factored in government policy and promoted in a national conversation. Setting expectations is important because if we observe the behaviour of Barbadians one senses there is an unforgivable ignorance about the dire economic predicament Barbados is currently mired. We should not have to be reminded that before COVID 19 reared its head just over a year ago Barbados’ economic state was fragile.

In a recent blog F for V I S I O N the blogmaster expressed concern at the lack of cohesion between ministries revealed in the recent 2021/2022 Estimates Debate. We have posted questions how does government plan to manage the 700 million budget deficit. What is the plan to sensitize the population of the real situation. The blogmaster understands the objective of government messaging to inflate the confidence of average Barbadians at a difficult time. However, the message must be tempered with reality.

If Dr. Quimby’s warning comes true, is the current plan to protect and give hope to Barbadians a realistic one?

Some will say send home government workers. If we do, how will it impact government revenues. The economists will generously use the Multiplier Effect argument. What about the social dislocation and disruption? There will be the knock on effect to the private sector given the design of the local economy which is public sector led.

Without getting technical and using a low dose of commonsense there are inherent risks and others we have to carefully manage in the unravelling COVID 19 public health crisis which has exposed economic and social vulnerabilities in Barbados and other countries. In the same way the virus is described as novel, responses by Small Island Developing States (SIDs) will have to vary from traditional tactics and approaches to problem solving.

The biggest two problems Barbados have to stare down are managing an unforgivable debt accumulated over decades to support a popular lifestyle AND the ability to materially move the GDP needle which is challenged by the fact our main money earner is a non starter for some time to come.

The reality is that the novel problem being faced by Barbados has stumped our best and brightest. If there is a path to finding our way out of the COVID 19 induced economic maze the blogmaster remains ignorant. Uneasy lies the head that wears the crown they say. Is is easy for some to continue to harp about the missteps that created a one-legged economy. It is more difficult to offer ideas that will move the GDP needle in a significant way.

The BU space over the years has captured hundreds of ideas posted by the dull and intelligent. The blogmaster senses the political directorate and shadows in the private sector have been contented to milk unfit for purpose economic and governance models.

Ladies and gentlemen, we are now reaping the whirlwind from those stasis positions taken.

The outlook remains gloomy.


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110 responses to “Outlook is Gloomy”


  1. Amm don’t forget another favourite iof govt
    Citizen by passport that has raked in financial earning for some countries
    A road most likely to take by govt to avoid increased taxation for the people


  2. MillerMarch 23, 2021 8:25 AM when your nemesis EWB was a frequent visitor to Alfredo Leforet’s west coast Sunset Crest tropical Hollywood

    Miller, I heard of Laforet, big moneyman. Who was he really and can you enlighten us more? Would be interested in that story. Some of those movers and shakers were serious international big shots too.

    Someone told me once on good authority, that a guy went along with Sidney Burnett-Alleyne, EWB’s cousin, to visit Onassis once in London.

    The guy with him was a bit disbelieving, but when the door open, Onassis flung his arms wide and exclaimed ‘SYDNEY!!’.

    Apparently true, true.

    I do not think that Onassis made his money by shipping milk nor vegetable oil.


  3. DePeiza slams Govt spending plan – DePeiza slams Govt spending plan: https://barbadostoday.bb/2021/03/23/depeiza-slams-govt-spending-plan/

  4. NorthernObserver Avatar
    NorthernObserver

    Slam my RH, she said it did not go far enough. And she is right. Time to crank up the presses. Simmering labour protests across a broad base. A time to spend more, and right some of the many wrongs. Allow investment in vehicles of all types, all clothing and accessories, partying. That is where you will see return.


  5. @ Crusoe,

    google ” fred laforet sunset crest barbados “


  6. See return we so blasted inefficient you can’t believe. Let me tell you what happen to me today and I still vexified over it.

    I wake up this morning in a good mood and went down to customs to pay charges on a shipment like good corporate citizen. When I get there I see a long line snaking out the building on to the sidewalk. So I asked a broker I knew in the line ” wait they had a bomb scare?” He said no this is the line to pay duty etc on imports.
    What not me and that line.

    So quick so I move to plan B. I said well good I will drive up to the airport to customs up there and pay my money to the state to clear these goods, cause the boss lady say they need money bad. Lo and behold when I get up there I see another set up people outside standing up who tell me ” the cashier gone lunch and the cash station closed for the hour.” Thats right in 2021 that happen to me in a brek ass country hungry for money with a $700M deficit. You mean nobody in authority never hear the word RELIEF CASHIER. I mean the cashier human poor soul and she has to eat, but you mean nobody in authority ain’t stop and say to themselves ” wait if she ain’t dey who going tek de money?”

    Then we talk about raising productivity when it take a whole blasted day and a gallon of gas driving up and down just to pay to clear a shipment.


  7. How in hell can barbadians live off 8.50 per hour
    Not only is the propsed wage increase insulting but once that amount because law one can bet that private Sector would find a way of wiggling and cutting corners in order not to pay the worker for a 40 hour work week
    Which means that the low income worker would not see and significant benefit coming from the 8.50 an increase which when puts next to the american dollar is all but 4.25 per hour USA increase
    Also factoring in the cost of living expenses the 8.50 does not even add up to a hill of beans
    All in all nothing to get excited about


  8. @John A

    A breach of all sense. We moving digital. We are operating in a pandemic where a contagious virus in play but …

  9. NorthernObserver Avatar
    NorthernObserver

    “How in hell can barbadians live off 8.50 per hour”
    Good question. But I ask you to observe the cars and mottacycles in the recent videos. Observe the extensive lines to clear customs of which John A speaks above (ya think dese tings dey clearing is all gifts from away?)
    And wait, now you too want to list things in Amerkun dollers? I thought only realtors could do that?
    I will have you know Buhbaydus is an inDEEEpendent nation with our OWN currency. Stuepse.
    I see the maroon (red?) Bishop concerned about a $700M deficit. Wha he only gotta ask Chris to know dat is peanuts. Chris put two back to back spending sprees in our pooch which was each $300M MORE dan dat. And he en even had Covid to blame.
    See wha Verla tell dem, dey is not spending enuff. Did she mention a $12/hr minimum wage? I doan hear sa good anymore. I feels $500/40hr week should be a minimum. Bajans are some of the most productive peeple pun dis earf. #wedeservethis


  10. @ david

    I give up trying to figure our plan out. I will do enough to pay my bills and no more. The young guys will have to figure out how they will make things work and run their businesses. Truth is the risk to reward ration is not there and hence few will even consider expanding. Then you add to it the nonesence I described today and you can’t help but ask yourself why bother?

    You realise today the former group know as BST is now about 25% smaller than it was before it was sold? Probably making more money though so that is all that matters to the shareholders.


  11. angela cox March 23, 2021 5:41 PM

    You often make comments that cause people to go, ‘hmmmmm, seriously?’

    Would you agree no matter what rate per hour the minimum wage is increased to, “one can bet that private Sector would find a way of wiggling and cutting corners in order not to pay the worker for a 40 hour work week?”

    Are you suggesting “the low income worker would not see and significant benefit coming from the 8.50,” because it works out to be US$4.25 per hour?


  12. @Northern Observer

    You are making some interesting points in a casual way which resurrects the blogmaster’s refrain about an addiction to consumption by our people.


  13. @John A

    What is missing is an ethos which accepts the ‘urgency of now’.

    Our politicians and leaders in the NGO sector must accept this is not a business as usual time.

    Or leaders must finally appreciate you should not let a crisis go wasted.


  14. Artax go hmmm again cause isn’t it the truth

  15. William Skinner Avatar
    William Skinner

    @ et al
    Why can’t we face it: Being bankrupt of money is one thing. Being bankrupt of ideas is quite another.
    The simple truth is that the BLPDLP is bankrupt of ideas and the country is therefore bankrupt.
    We can blame COVID but that is only one part of the problem. We went to to the IMF three times before COVID.
    Verbosity is not an economic policy; platform political rhetoric is not monetary policy.
    The government has no economic policy. First, we admit that and then move on. All evidence is that we are back to square one.
    I called for a billion dollar infrastructure program five years ago. I also said that removing the NSRL was a major mistake. Billions of tax dollars have not found the treasury over the last twenty years. Fifteen years ago I called for all self employed persons to be registered and made to pay income tax and NIS contributions. Over forty years ago progressive thinkers asked that the educational system be reformed to be in concord with national economic goals.
    We will not recover from this calamity under twenty years. Plan for the future now or perish economically.
    There are no bright sparks in parliament But that’s another story.


  16. Please note, I wrote, “comments that cause PEOPLE to go, ‘hmmmmm, seriously?’.”

    And, “truth” by whose standards?

    By the way, is it me, or haven’t you noticed BU has become very serene for the past few days? You know, calm, peaceful and untroubled?


  17. Here is an example of the greed that consumes us.

    A company ripe in profits, but instead of the obvious solution of hiring more analysts to cope with the work, they wring everything out of those they have, for more, more, ever more money.

    Horrible. Is this who we want to be? This is why people suffer severe illness, mental health issues, broken relationships, because of the greed of a few.

    These CEO’s are very good at one thing. Painting a pretty picture. The reality is that the picture is false and ‘corporate policy’ merely pretty speak for fitting things to their agenda of greed.

    https://www.bbc.co.uk/news/business-56495463


  18. @Crusoe

    The performance of a CEO is measured by how goals are achieved based on the KPIs. It is that simple.


  19. Remembering Sir Courtney
    PUBLIC RELATIONS for Sir Courtney Blackman was not about optics. He considered it an integral function of management.
    As soon as I joined the Central Bank of Barbados as public affairs officer in January 1981, I was invited to sit at the conference table with senior management. He did not believe that the public relations officer should be “lost away” under an assistant to the secretary or the human resources manager.
    Before I entered the Bank in the Treasury Building, he had enrolled me in a three-week course in Trinidad conducted by English public relations guru Frank Jefkins.
    Brimming with ideas on my return to Barbados, I soon came up with a thick impressive document laying out a public relations programme for the Central Bank of Barbados.
    He studied it for three days and called me to his office. Leaning back in his chair, he said: “This is an impressive document, Carl, but I first wish to see a philosophy of public relations at this institution. You’ve put the cart before the horse.”
    I spent the next nine months drafting and redrafting a policy document underpinning the Bank’s public relations philosophy. Then, one Monday morning in November of that year, he called me in and said: “Now, we can proceed with public relations at the Central Bank.”
    My most enjoyable first six years in any Barbadian workplace was spent working with Sir Courtney as construction began on the new headquarters at Church Village.
    As head of a new Barbadian institution, which he joined at the tender age of 39, he directed the Bank through six of its most challenging years, from groundbreaking in March 1981 to its opening on September 18, 1986, when the Errol Barrow Cabinet boycotted that function.
    When he started the Bank in 1972, with a staff of five, including an International Monetary Fund (IMF) operations specialist, Rudolf Kroc, Sir Courtney brought a solid grounding in management and money, and experience in international banking on Wall Street.
    I admired his courage and fortitude in the face of public criticism. It came to the fore during those tortuous years of construction on the new headquarters, derisively dismissed by some as “Courtney’s erection” as the first of 12 concrete towers protruded ten storeys above the Bridgetown skyline, utilising a process called slip-forming, a technology applied in Barbados only once since then – at the cement plant in St Lucy.
    I will always remember his raucous laugh at the Topping Out ceremony on September 5, 1984, when the structure reached the top before the roof was attached. In the presence of Prime Minister Tom Adams and Anglican Bishop Drexel Gomez, he said to me: “I now have 12 erections!”
    Sir Courtney always thought it would be unwise to erect such an imposing structure in the heart of Bridgetown and not include a social dimension; hence the Frank Collymore Hall and the Grande Salle, which now carries his name.
    He did not settle for second best. During the closing stages of its construction, he insisted that nothing less than a Steinway nine-foot orchestral concert grand piano should grace the stage of that concert hall, named for an outstanding Barbadian man of letters.
    He graciously accepted my suggestion that a steel plaque with words by English art critic John Ruskin should adorn the entrance to the main building, now known as the Tom Adams Financial Centre.
    It reads: When we build, let it be such a work as our descendants will thank us for; and let us think as we lay stone on stone that a time is to come when those stones will be held sacred because our hands have touched them, and that men will say as they look upon them: “See, this our fathers did for us.”
    To quote the fourth Governor, Winston Cox: “The wit lives on, the excoriation has passed, and the extravagance is now hailed as foresight.”
    At the entrance of the Courtney Blackman Grande Salle is another plaque – this one of his selection – by Pablo Picasso: Art washes away from the soul the dust of everyday life.
    After three terms of office, Sir Courtney moved on in 1987 to establish an even wider footprint in the region and further afield, including becoming the Barbados Ambassador to the United States.
    Years after his departure from Barbados, I always knew when he was back home. His trademark laugh would sail across Turquoise Avenue from No. 69, his younger brother Wally’s home. Then, he would walk across to No. 71 and we would have a lively chat.
    No one enjoyed a laugh more than Sir Courtney Blackman. I shall miss him.
    – CARL MOORE, Central Bank of Barbados’ public affairs officer from 1981 to 1999.

    Source: Nation


  20. When barbadians take that 8.25 at the grocery store. The grocery would be sold at double the cost
    All have witnessed on social media platform the cost of small items including vat
    Pray tell hpw 8.25 can be called a living wage


  21. CDB says recovery arduous but not impossible – CDB says recovery arduous but not impossible: https://barbadostoday.bb/2021/03/24/cdb-says-recovery-arduous-but-not-impossible/


  22. Caddle defends minimum wage over private sector concerns – Caddle defends minimum wage over private sector concerns: https://barbadostoday.bb/2021/03/24/caddle-defends-minimum-wage-over-private-sector-concerns/


  23. https://barbadostoday.bb/2021/03/24/govt-to-hand-sugarcane-industry-back-to-private-ownership/

    ” Labourers in the struggling sugarcane business will soon be given the opportunity to own a stake in a new company as Government moves one step closer to privatizing the industry.”


  24. ” “We are now changing the sugar industry to one of Barbadian ownership,” he declared.
    ” an integrated process where there are labourers who will have an opportunity to purchase shares in a new company that is being created “.

    This is interesting. Labourers in the struggling sugarcane business.


  25. Quote)
    “They want to get into the space to produce syrup and biomass as well to be part of the renewable energy transformation that is coming to Barbados. We are at the point of creating space at Bulkeley for Grow Energy and the BAMC to enter into an arrangement where the two can work together and create synergies with cane grass and sugarcane so that you have two rotations and we are looking for consistency in supply so that you can do energy going the full value chain – meaning from cane to molasses or syrup, to sugar, to renewable energy to fertilizers,” Weir explained. (Unquote).
    ++++++++++++++++++++++++++++++++++++++++++++++

    Isn’t this the exact ‘proposal’ promised for the ‘redevelopment’ Andrews Sugar (cane) factory designed to generate 25 megawatts of electricity?

    Which private sector venture would find the capital to build a similar outfit at Buckleys to produce cough syrup?

    Where is the money coming from?
    From the US$ 270 million secured under Sinckler the previous MoF who claimed the money was sitting in a Japanese bank account waiting to be drawn down?

    Or is it going to be under a PPP financing arrangement with the US$ 175 million to be diverted from tourism and previously earmarked to construct the Hyatt to the resurrection of an industry pronounced dead by Dr. IMF?

    Why should “labourers” want to invest in an almost dead industry when are deliberately deprived of investing in the sunrise medicinal marijuana high-value business?


  26. The blogmaster observed the destruction of the river tamarind planted by former minister Estwick next to ABC highway What a waste.


  27. So what? I’m all for blowing up and burning down everything the DLP built between 2008 and 2018. Especially the devil’s trident. We must next topple all monuments to the oppressor Barrow. He founded the DLP and is therefore the main culprit.

    Nothing must remind us of the DLP any more.

    ###############################

    Apart from that, good news:

    Our government has soon brought new infections to zero, all the old and sick are vaccinated. Nothing more can happen to us – thanks to our Supreme Leader and her terrific team.


  28. Dont worry Tron barbados is on a self destructive course and Mia is makkng sure it happen
    Take a look at the billions she has borrowed and not one god blimme idea out of her mout and the expanded cabinet as to how the country woukd repay the debt
    So your wish might come country bells and whistles and all
    That should mek yuh happy
    If yuh think COVID done think again


  29. Cox,

    Total nonsense, Barbados will flourish under Mia Mottley like never before!

    Here is my vision:
    In the first term, debt cut and victory over the pandemic.
    In the second term, going republic and rebuilding of infrastructure.
    In the third term, arrest of the opposition.
    In the fourth term, economic growth.
    In the fifth term Mia Mottley as new national heroine and on the 50 BBD note.
    Then it is 2043 and Mia Mottley will hand over to KK.


  30. Tron in the fifth term the value of the barbados dollar gonna be so small
    There would be no room left to put Mia big face
    As for economic growth garss cant grow on rock long term
    Mia have a mamoth task of building an economy which would put people back to work
    As of now She has nit uttered a word towards job performance
    The Nomad program can bring in money but cannot improve the job market
    Also the much touted medical cannabis market not gonna happen as Jamaica has now shown that investors in the market has hide the tail between their legs and. Left Jamaica


  31. As far as you are concerned nothing positive will happen in Barbados. Just tell your party to be ready in 2023 or before because according to you there is opportunity for a good opposition.


  32. David
    That is so true pray tell what positive policies in respect to building an economy to create a sustainable economical growth environment with measures of creating employment has govt brought to table for the people those that can build confidence in the minds of the citizens
    Electric buses cannot create jobs
    Neither can creating an environment for nomads to hopscotch across the islands create a long term job environment for the natives
    So since u have placed your two cents worth of defense gibberish tell me what are the positives govt has laid out and what decisions govt made to bring down the high unemployment levels


  33. TronMarch 25, 2021 6:54 PM
    Then it is 2043 and Mia Mottley will hand over to KK.

    Kourtney Kardashian?!! Good heavens no!!!


  34. We are in a pandemic. Can you name a single developing country where employment increased to pre covid numbers? Why do you think governments across the world have been forced to create policies to protect the vulnerable? With 6000 jobs in the tourism sector alone what alternatives do you propose would absorb those jobs in quick time with an economy that is built significantly on tourism and services?


  35. Not for me to.lay out a plan to define or create jobs
    There are plans which can be develop
    There must be a starting point by which govt can use to bring a measure of confidence to the people
    A measure which shows that govt has a willingness and desire bound by a determination to rebuild and regenerate a job market
    So far govt (has )not even before COVID
    Large countries have embarked on stimulus pkgs which have helped to bring confidence back to a weakened and unstable economy
    Those pkgs have work two fold to generate financial support for the economy whereby employers have been able to restart production and a need for rehiring
    Also put spending power into the people’s pocket which in turn goes right back into the economy
    On such a foundation productivity in the job market rekindles and refuels employment
    Govt idea of waiting and watching at this point is like shooting fish in a water barrell
    The USA job market has restarted to show life because of the many stimulus pkgs govt have thrown into the economy bringing confidence and life back to it’s job market and to the people


  36. Whatever government does will never accord with how you view things. We know why too.

  37. William Skinner Avatar
    William Skinner

    @ David
    What really is the current economic policy outside of borrowing to prop up the economy which is understood because of COVID.
    In my option, there seems to be an embarrassing lack of policy. It is not an attack on the administration but a serious belief that it is out of depth , taking into consideration the number of consultants that we , the taxpayers , have to pay for.

  38. William Skinner Avatar
    William Skinner

    Opinion not option


  39. @William

    There is a policy, even if there is disagreement about it being fit for purpose.

  40. William Skinner Avatar
    William Skinner

    @ David
    I will continue to look for it !


  41. DavidMarch 26, 2021 5:50 AM

    Whatever government does will never accord with how you view things. We know why too

    Stupse

    Xxxxxx

    The govt has done nothing in terms of showing signs govt is capable of stimulating the economy outside of shovelling the remants of the pandemic via sick tourist and the tourism industry becoming a collection agency for hotel revenue and govt finances
    The budget spoke of shrinking revenue enough as a warning that govt is not doing enough and must do more
    My last comment was explicit and as an example that large countries understand that the value of stimulus pkgs thrown into the public domain is a good mechanism to generate revenue and slow down the voiliity of a sick economy
    Mia hasn’t got a clue as to what services a slow economy in a pandemic


  42. So what do see happening for stimulating the economy
    A lot of worthless promises
    The economy is sick what it needs to pull it out of the doldrums is productivity and a heavy dose of stimulus pkgs which must be placed in the hands of the people most worthy of generating household income jobs and productivity not to mention taxes for govt all which would happen because of spending


  43. William SkinnerMarch 26, 2021 6:11 AM @ David What really is the current economic policy outside of borrowing to prop up the economy which is understood because of COVID.
    In my option, there seems to be an embarrassing lack of policy. It is not an attack on the administration but a serious belief that it is out of depth , taking into consideration the number of consultants that we , the taxpayers , have to pay for.

    In far better times, prior administrations have done far worse, especially the last one.

    However I agree with the last bit, what the heck are all of those current highly paid consultants for? Not seeing anything out of them. If they get the green they should deliver.


  44. Deliver what
    Cant deliver if yuh have nothing to deliver
    This govt gonna PR its way into the next election
    Them electric buses would serve a purpose for east coast fetes

  45. NorthernObserver Avatar
    NorthernObserver

    I guess PR its way is preferable to spending its way?
    But have no fear, the loans are here!! The one year hiatus from 13 consecutive deficit years, is ovah. Done.
    I believe, every registered corporation should be forced to buy a $5000 Covid Bond. The term doesn’t matter, for it will not be repaid anyways. But failure to purchase, could result in a $10,000 fine. I say “could’ because as usual, while all rules are equally applied, some are more equally applied than others.


  46. How about a Brandy and Punnai Tax.

    You can put a 25% surcharge on each bottle of brandy. For the Punnai, every adult must record the events date and times and submit $100 for each time, paid into the BRA.

    This will also take advantage of those with fragile egos, who wish to prove themselves by submitting $3,000 every month, when it should be far less.

    There should be a fine for not reporting an event. Like $5,000.


  47. Of course, there may be an issue, when one party to a marriage submits a report and the other does not. Especially when the gal down the road, or a work colleague, also submits a report. I will leave that to the lawyers to sort out.


  48. Two prongs to task of restarting economy
    The passage of the Estimates and the commencement of the financial year on April 1 allow Government to reset the economy.
    It is now about three years since the election, but a year has been lost to COVID-19, and creating employment is now a major priority.
    A powerful reignition of the engines of the economy is now required.
    COVID-19 has been destructive of much of our economy. We must continue to see the virus as enemy No. 1, but we must also see it as an enemy that we will defeat if we do the right things.
    We have a good example before us. An outbreak involving 300 cases at the prisons at Dodds has been contained and eliminated by following the science and getting the prison population to do what was necessary for its containment.
    But we have to think outside the box and reexamine traditional ways of doing things and tweaking them to suit our people’s stages of developments. We need to do this especially when it comes to those aspects of life that require finances.
    On the domestic front, the HOPE project, recently started at Lancaster, St James, seems like an innovative way of getting around the need for large sums of money upfront in order to secure a home or mortgage.
    The wider spread of ownership of a piece of the rock is an important social stabiliser. Concepts such as those being promoted by the HOPE project are important to every single Barbadian because social and political stability affords all of us the opportunity to achieve our potential.
    Political instability is the enemy of progress. It can often lead to social instability when a government is unable to focus on relieving poverty, cementing opportunities to good health, and providing education and proper nutrition for its people and particularly the future generation which consists of the young ones.
    It may be too much to expect that the HOPE concept may be extended into what one might call middle class mortgages, but tweaking the concept may be to the benefit of developers, the purchasers, the mortgage financiers, banks and the country as a whole.
    Internationally, we have to find ways of influencing many of the international groups, particularly at the political and decision-making level. Ideas propagated into action by some of these paranational bodies affect our vital interests and very often such decisions are grounded neither in principle nor learning.
    The quick-changing rules relating to the offshore sector by international bodies hurt our economy, and continuing efforts to influence these bodies must be developed.
    There has to be a paradigm shift. Tourism must be promoted to every sphere of human activity. As a country where the evil of slavery was perpetuated, as well as our history of centuries-old adherence to representative government, not to mention our UNESCO heritage designation, can attract specific niche visitors.
    In a word, restarting the economy should mean that no bets are off the table. We must exploit every facet of our existence and heritage to earn vital foreign exchange.
    At the same time, we must repair and protect these aspects of our domestic affairs that enhance our people’s overall standards of living. It is a tall task, but as we restart the economic engines, our future depends on moving on both these fronts at the same time.

    Nation Editorial – 28/03/2021


  49. I have always stated that the British establishment have an established history of undermining Afro-Caribbeans. In much the same way as those who have led Barbados since our independence.

    Hal will be familiar with the history of the Caribbean Cultural hub in Brent, London. What it highlights is that we as a people should not stand around in a queue in the expectation that those who are in authority have our interests at heart.

    Do not ever let your government set the agenda for your life. We know that they have always set the bar low vis-a-vis their own people. For example, they are desperately trying to block access of the marijuana industry to their majority population; yet, they are determined to offer licenses to every Tom, Dick and Harry foreign entity to exploit this industry.

    The story below is a textbook answer into how we as a people can by-pass our government and set our own agenda.

    https://www.theguardian.com/uk-news/2021/mar/28/row-erupts-over-bid-to-revive-londons-historic-caribbean-cultural-hub


  50. More IMF aid may be coming
    by SHAWN CUMBERBATCH shawncumberbatch@nationnews.com
    BARBADOS could be in line to benefit from a share of US$650 billion as the International Monetary Fund’s (IMF) boss prepares to ask her executive board to give member countries more financial help.
    Last week IMF managing director Kristalina Georgieva reported broad support among members for “a new SDR (Special Drawing Rights) allocation equivalent to US$650 billion to provide additional liquidity to the global economic system by supplementing the reserve assets of the Fund’s 190 member countries”.
    The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Barbados currently has a quota of 94.5 million SDRs.
    Professor of finance at the University of the West Indies, Cave Hill campus, Justin Robinson, called for the IMF to increase its SDR allocation a year ago when the COVID-19 pandemic reached Barbados and the Caribbean.
    He told the DAILY NATION the news that Georgieva would recommend the increase to the executive board in June was the least the world’s largest economies could do in light of their domination of COVID-19 vaccine supplies.
    ‘Very encouraged’
    The current SDR allocation is 204.2 billion (equivalent to about US$293 billion), including SDR 182.6 billion in 2009 when the global financial crisis struck. The value of the SDR is based on a basket of the United States (US) dollar, the euro, the Chinese renminbi, Japanese yen and British pound sterling.
    Georgieva was “very encouraged by initial discussions on a possible SDR allocation of US$650 billion”.
    “If approved, a new allocation of SDRs would add a substantial, direct liquidity boost to countries, without adding to debt burdens,” she said in a statement.
    “It would also free up badly needed resources for member countries to help fight the pandemic, including to support vaccination programmes and other urgent measures. And it would complement the range of tools deployed by the IMF to support our membership in this time of crisis.”
    Robinson said an increase in SDRs was essential for small island developing states which had to suffer the brunt of the economic fallout from COVID-19, as well as facing a health crisis.
    “The main benefit of the SDRs by themselves is that they boost your reserves, but secondly, you can trade your SDRs with another country for a currency that you could use,” he explained.
    The head of the Department of Economics at Cave Hill reasoned that the proposed US$650 billion increase “could be significantly more”, considering that the most recent US government economic stimulus package alone was US$1.9 billion.
    “However, it’s a start and it will go a long way to helping developing countries and small island states like ours mitigate the effects of the crisis, avoid falling into a deeper debt trap and so on,” said Robinson.
    “It would be a shame if the advanced countries of the world, that dominate the IMF and the decisionmaking, could not bring themselves to do this to assist poor countries, and tourism-dependent economies like ours.
    “Especially in light of the vaccine nationalism that is being exhibited around the world, where smaller countries and countries like ours are really struggling to have access to vaccines, which are our best hope right now for moving past the pandemic and beginning to rebuild our lives and livelihoods.”

    Source: Nation

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