Category Archives: Barbados Economy

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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Does White Oak Have a Plan B?

The Mia Mottley government forced a debt restructure on locals holding bonds. The government boasted about the speed it was completed although truth be told it was a Hobson’s choice. On the other side of the debt restructuring transactions the external bond holders have so far been nettlesome at the negotiating table. Approaching 18 months and there appears to be

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Worrell Recommends Dollarization

Thanks to fellow blogger at caribbeansignal.com for reminding the BU blogmaster to continue focus on the economy. The controversial former Governor of the Central Bank continues to push a line of argument about the advantages of dollarizing the economy. Discuss for 10 marks – David, blogmaster DeLisle Worrell: Sovereignty and the US Dollar Source: DelisleWorrell.com Reproduced with permission, the full

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IMF Executive Gives Thumbs Up!

The following is Press Release No. 19/235 on Barbados first review under the extended fund facility – David, Barbados Underground IMF Executive Board Completes First Review Under the IMF’s Extended Fund Facility for Barbados and Approves US$48.7 Million Disbursement June 24, 2019 The completion of the review enables an immediate disbursement of SDR 35 million (about US$48.70 million). A four-year

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Dr. DeLisle Worrell Says Time to Jettison Caribbean Currencies

Dr. De Lisle Worrell continues to be a controversial figure in Barbados. He suffered the embarrassment of being sacked by former Minister of Finance Chris Sinckler. The blogmaster will remember him for the fact he presided as Governor of the Central Bank during a period popularly labelled the Lost Decade. He continues to be controversial in his current role sitting

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