Submitted by Tee White On 17 May, an IMF team led by Bert van Selm, a Dutch economist and senior IMF functionary, held a press conference in Barbados’ capital, Bridgetown. At this, they announced their findings, after a 10 day review of the country’s implementation of its IMF approved austerity programme, the Barbados’ Economic Recovery and Transformation (BERT) plan. A
Read more
Submitted by Kemar Stuart, Bsc Banking and Finance (undergraduate), University of the West Indies. Prepared For Presentation at the , Democratic Labour Party, Astor B. Watts, Lunch Time Lecture, May 2019 The digitization process of Government is an initiative which the Barbadian community should embrace it may provide savings from duplication of processes within the civil service however this will
Read more
IMF Reaches Staff Level Agreement on the First Review of Barbados’ Economic Program under the Extended Fund Facility May 17, 2019 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of
Read more
Submitted by Tee White Much of the discussion going on in Barbados today about the current situation in the country tends to ignore both the historical and international context. However, it is very difficult to make sense of the current situation without taking these into account. From a historical point of view, the origin of modern Barbados can be traced
Read more
“A nation of sheep will beget a government of wolves.” ― Edward R. Murrow The blogmaster continues to listen to the fury in the feedback by Barbadians triggered by government’s decision to increase bus fare to $3.50. After more than four decades has the national discussion changed about the state of public transport and the burgeoning sub culture which accompanies
Read more
Budget day: Wednesday, March 20. Prime Minister Mia Mottley will deliver her first Budget on March 20, 2019. Without doubt the 2019 Budget will be interesting not only for the pundits, for the masses as well, who for the first time are witnessing a Barbados in the grip of economic and social turmoil NEVER experienced in our history. The political
Read more
The Caribbean Development Bank in its 2018 economic review supports the economic approach the Barbados government has taken. The optimism is ‘premised’ on a favourable tourism performance, the opening of Ross University School of Medicine (RUSM), continued implementation of BERT supported by private sector projects in the pipeline – the possibility of external shocks a possibility. See report:
Read more