…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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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.
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The following was posted as a comment to the Central Bank of Barbados Review of the Economy: January to September 2019 blog by Walter Blackman, Actuary and son of the soil in reply to the following by the blogmaster: @John A, Walter, Northern Observer et al, You guys read this document?” https://barbadosunderground.files.wordpress.com/2019/10/launch-press-release-.pdf So far, we have been provided information on the
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Governor Cleviston Haynes delivered the Central Bank of Barbados’ review of Barbados economic performance in the first nine months of 2019 and took questions from members of the media. September Press Release.pdf (3.98 MB)
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Reproduced with permission, the full text of Dr. Delisle Worrell – former Governor of the Central Bank of Barbados – October 2019 newsletter: One often hears the comment that there are hundreds of millions of dollars of idle funds at commercial banks that ought to be directed to investment projects to create employment and grow our economy. However, we need
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Governor of the Central Bank of Barbados Cleviston Haynes delivers the Central Bank of Barbados’ review of Barbados economic performance in the first half of 2019 and takes questions from members of the media. Central Bank Website Click to read text of Barbados Review of the Economy January to June 2019.
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Benidorm in Spain was a small fishing village, then the big boy’s moved in the Spanish Govt rubbed their hands €€€€€€€€/ now look at it. Barbados a wonderful little golden island in the sun and the big boys are wanting to move in, Gov’t is the $$$$$/ €€€€€€or ££££££so important that you become the concrete Benidorm of the Caribbean, LET
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