Category Archives: Barbados Economy

What About the Economy Stupid

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

Read more

Barbados Economy… Next Steps

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

Read more

On a Path of Destruction

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.

Read more

Covid 19 Forces a Rush to Implement Digital Transformation

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

Read more

Invisible Post COVID PROGRESSIVE Policies

  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

Read more

We in Potta

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

Read more

Open Letter to Financial Institutions – What is the COVID-19 Plan?

  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

Read more

Barbados Post COVID -19

  [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:

Read more

IMF on Barbados’ 2018–19 Sovereign Debt Restructuring

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

Read more

Prosperity May Be Restored, With the Right Policy Mix

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

Read more

Barbados Reform Agenda Threatened by Anaemic Growth

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

Read more
« Older Entries