Tag Archives: NIS

Political Parties about Boosting Popularity in a Crisis

… Kevin Greenidge, explained that the “win-win” 18-month programme is designed to repurpose government’s expenditure, in an effort to push capital programmes that do not directly relate to tourism; for example, road works, the Barbados Water Authority’s vineyard project, the refurbishment of schools and the digitization of the public sector… Source: BGIS The government launched the Barbados Optional Savings Scheme

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Donville Inniss Matter Tosses Up Questions about Insurance Corporation of Barbados Limited Limited/National Insurance Board Joint Venture Company

Discussion on the blog Donville Inniss Case Points to Endemic Corruption in Barbados after reviewing the 2018 financials of BF&M – parent company of ICBL – revealed there is a company called Insurance Corporation of Barbados Limited Limited/National Insurance Board Joint Venture (“ICBLJV”). Barbadians have been concerned in recent years the ease with which politicians commit NIS resources to questionable projects.

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The Grenville Phillips Column – Will the Honest Barbadian Please Stand Up?

Well done to our Pan American games athletes.  Many gave impressive performances and qualified for the final of their events.  They have demonstrated that they are internationally competitive.  To improve their training and attend other competitions, our athletes need funds.  So, how can we support them? One method is for the public to invest in the development of our athletes. 

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Rise of the Uneducated Class

Many issues of the day continue to question our ability to govern. One of them is the health of the National Insurance Fund (NIF). If you listen to the politician while in Opposition, it is a fund under stress. If you listen to the same politician on attaining the office of government, the NIF is described in more positive terms.

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The Grenville Phillips Column – Cowards of the Highest Order

Some soldiers are so terrified of the horrors of war, that they intentionally harm themselves so that they can be transported away from the battlefield and receive priority medical treatment.  I am very sympathetic to soldiers who have been prematurely deployed to the battlefield.  A properly trained soldier has accepted the responsibility of defending citizens, which may require the ultimate

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Government MUST Clear the Air on the State of the NIS Fund, it is Our RH Lifeline

Ten  years have elapsed since the 2008 global financial meltdown left Barbados exposed for the open economy we have been taught it is in primary school. Across the Caribbean our little economies find themselves in the same boat with high debt to GDP and rotting infrastructures, rising corruption and a dearth of leadership. Barbados WAS considered the gem of the

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NIS Government Paper for Trash

The blogmaster thought it timely to highlight one of several NIS blogs in a COVID environment for obvious reasons. After many years of calling for certified audited financials spanning different governments we are none the wiser – David, blogmaster Is it irrational for citizens of Barbados to lend their accumulated savings , gratuities and separation packages to the GoB? Based

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The Caswell Franklyn Column – Destruction of the Public Service Started with Errol Barrow

On Wednesday, November 8, 2017 the Nation published a column captioned, “Not a pretty picture” by Dr. Frances Chandler. I generally agreed with much of what she had written. For the most part, she criticised many of the shortcomings of the National Insurance Scheme (NIS), justifiably so in my opinion. I was actually enjoying her contribution until three-quarters was through

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Walter Blackman Comments on the 15th Actuarial Review of the NIS of Barbados – Misallocation of Human Resources

The 15th actuarial review of the Barbados NIS is special in that the report was written at the end of the first 50 years of the scheme’s existence. This review therefore gives us an opportunity to see to what extent the NIS reflects the negative features and characteristics of the Barbadian society and economy which have emerged since independence. The

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15th NIS Actuarial Review of the National Insurance Fund, Published

When government debt is viewed with NIS holdings excluded, the implicit assumption is that these assets are not “real” and that government raising taxes to repay the NIS is akin to raising the contribution rate on NIS contributors. This is because government tax revenue and NIS contributions come largely from the same sources – businesses, workers and consumers. While the

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The Caswell Franklyn Column – National Insurance Staff not Sufficiently Trained to Administer Scheme

Following my last column about the National Insurance Scheme (NIS), several people, who were having problems with that government department, sought my assistance. Today, I would like to share the experience of two persons since the troubles, they were forced to endure to get unemployment benefits, show up fundamental problems with the processes at NIS. They were informed verbally that

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NIS Reserves Projected by IMF to be Exhausted in 2037 – UPP Candidate Craig Harewood Muted by VoB

‘The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.’ – IMF Website The

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