Category Archives: Barbados Economy

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

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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

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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

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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:

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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

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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

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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

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IDB Highlights Barbados’ Crumbling Infrastructure

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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What is Barbadians NOT Being Told about the External Debt Restructuring Agreement?

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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US Dollars Needed, Not Barbados Dollar Savings in Order to Invest

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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Barbados Economic Recovery and the Falling Pound

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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