With reserves of over BDS$4 billion, the National Insurance Fund can serve as a provider of financing for investment projects, which can in turn generate jobs and spur economic resurgence.
This from Minister of Labour, Social Security and Human Resource Development, Senator Dr. Esther Byer Suckoo, who delivered opening remarks at the Annual Lecture for the National Insurance Scheme (NIS) entitled The Global Economic and Investment Outlook: New Frontiers in Investment Strategies, on Wednesday evening at the Frank Collymore Hall.
Minister Byer Suckoo believed that the lecture was timely, as the world continued to face a recession. She stated: ???Countries across the globe are looking for new and innovative strategies by which they can invest and Barbados is no exception???.
The lecture, which was part of the NIS??? 47th anniversary celebrations, was delivered by Chief Marketing Strategist for the New York-based investment firm, Oppenheimer Asset Management, Inc., John Stoltzfus, who gave some insight into the economic standings of several countries and emerging markets across the globe.
Persons who attended were able to take advantage of Mr. Stoltzfus??? 25 years of investment experience at the senior management level, during the question and answer segment following the lecture.
The Chief Marketing Strategist also took the opportunity to praise Barbados and reassure Barbadians of their economic future. ???In terms of the world economy, I think it looks good for Barbados, this is a beautiful country!
???People are feeling more secure about their jobs and when that happens they start to travel, and this is a wonderful destination to travel to,??? he added.
He further pointed out that there was a ???solution to every economic problem [but it requires] cooperation and hard work.???
The NIS lecture series has been an annual event since 1998. Previous speakers included Chairman of Intelligence Capital Limited, London, Professor Avinash Persaud and Chairman of the Chronic Non-Communicable Diseases Commission, Professor Trevor Hassell.