Prime Minister Mia Mottley continued the recent trend of making controversial and contentious announcements. She revealed government’s recommendation to rename the University of the West Indies in recognition of the late prime minister Owen Arthur. To honour convention of parliament parliamentarians in the Lower House set aside yesterday to pay tributes to the late prime minister. The blogmaster has no
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How does it make you feel that already one man can boast that he has the biggest solar energy operation in Barbados? Obviously it is his intention to replace the generation department of Barbados Light and Power. It is only the sun and a few pieces of hardware and this is what it has to be? How does this make
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There was a time – and it still is for many – the popular management instruction was that the sole purpose of a business was to create shareholder value. For this reason financial institutions and others for decades have used this single performance indicator to determine the success of the business. In recent years a more enlightened management theory promoted
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We are on a path of national destruction. Most Barbadians will likely scoff at that analysis, because we have been brainwashed to accept failure as a celebratory achievement. Any attempt to explain to Barbadians that we can do so much better, is met by emotional pleas that the Ministers are doing their best. Tragically for us, that may be true.
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Governor Cleviston Haynes delivers the Central Bank of Barbados’ review of Barbados’ economic performance in the first six months of 2020 and gives his outlook for the remainder of the year. Source: Central Bank of Barbados Central Bank of Barbados Review of the Economy – January to June.pdf (text)
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The COVID 19 period has redefined the new normal in the world. Whether a small, medium or large business, business models have had to be rejig deliver goods and service safely and economically. Government departments comfortable for decades with operating under layers of bureaucracy have been forced to join the rush to deliver services via electronic channels. To the credit
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…The discussion must turn to how can we run a country on 25% less revenue than planned over the next 2 years. It does not have to come to layoffs either. It can come from improved tax collection, greater efficiency etc. It does not have to be a case of just “sending home people”… BU Commenter: John A What has
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Submitted by the Mahogany Coconut Group The fears of many progressives that Caribbean leaders will not embrace a new economic path post COVID -19, are slowly surfacing. While we support the current efforts in the fight against COVID-19, we must admit that as the region returns to state of normalcy or what is being branded the “new norm”, there
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Our main problem is not finance, it is the availability of markets for what we produce. It is the closing of these markets that caused the decline in jobs,foreign exchange and income. Just in case we are losing focus. Is stimulus money a medium or long-term solution? It is a short term inadequate remedy. It buys time for the economic
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The Central Bank of Barbados economic review of the economy was delivered today by Governor Cleviston Haynes.
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One of the saddest days in the few decades this blogmaster has lived in Barbados was yesterday. For close to five months Barbadians from the village to the heights have viewed on smart TVs and cellphone screens the havoc being wreaked on developed countries. Italy, UK, Canada, France, Japan and the USA are listed as G7 countries with significantly greater
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As the COVID-19 cripples world transportation, many areas will be severely affected…. these include Food, the opportunity to work & earn money, etc…… I would like our PM & her Government to engage the business sector/others and begin planning on methods to reduce the economic impact on the population: Banks, Credit Unions, etc. to reduce/suspend for a period of
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[We’re] not having a Budget or anything soon because it is just too fluid [blogmaster’s emphasis] . . . The budget was not intended to have any new taxes and therefore there is no reason for an immediate budget and we therefore will wait and see,” Mottley told media managers during a meeting yesterday at Government Headquarters. Source: Mottley:
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Minister Marsha Caddle who is minister in the Ministry of Economic Affairs and Investment “unpacked” the Estimates delivered recently. She made an interesting observation in her preamble about MPs talking to themselves in the Estimates debate and the public glibly unaware.
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The following is an extract from the Barbados’ 2018–19 Sovereign Debt Restructuring–A Sea Change? uploaded to the IMF website this evening (21/02/2020) – David, Blogmaster VII. LESSONS LEARNED AND CONCLUSION Barbados’ 2018-19 debt restructuring has made an important contribution to restore debt sustainability. It has reduced public debt and put it on a clear downward trajectory. To ensure that it
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The Barbados economy must grow and many have been asking where is the growth plan. At a recent Barbados Chamber of Commerce luncheon the prime minister identified several private and public sector projects expected to fuel economic activity in the short term. The Nation newspaper editor has done a fair job capturing what the prime minister shared last week.
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Thanks for the assist Amit @caribbeansignal.com– David, blogmaster Source: DelisleWorrell.com As we embark on the third decade of the 21st century, Barbadians look to our economic prospects with a mixture of hope and trepidation. Our hopes are grounded in our economy’s inherent strengths: our highly regarded tourism services, good transport and communications, reliable public services, and our resourceful and well
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Detailed in the recent IDB Caribbean Region Quarterly Bulletin – Volume 8, Issue 4| December 2019 is a cautionary tale. Barbados continues to meet all targets as part of the IMF Extended Fund Facility and Barbados Economic Recovery and Transformation plan – the objective to achieve fiscal consolidation. HOWEVER the other story to be received from the IDB report is
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