PM Stuart Offers Sound Advice To ICAB

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Prime Minister Freundel Stuart (FP)

Prime Minister Freundel Stuart has outlined a recipe on how the chartered accountants of Barbados can assist government in its quest to foster a culture of creativity and innovation among the population.

He challenged the members of the Institute of Chartered Accountants of Barbados (ICAB) to "unlock their potential and convert ideas into reality," while addressing their annual conference recently.?? It was held at Hilton Barbados.

Among the suggestions the Prime Minister threw out to the body was the need to increase innovation and creativity to make their profession more competitive; while creating ???think tanks’ that would encourage public-private sector brainstorming on competitiveness issues.

Mr. Stuart also advised ICAB to: maintain the highest standards as we seek to make this jurisdiction one of the best for international business and financial services; improve financial management systems to be able to make quicker and better decisions; find and market new avenues to earn revenue and profits in foreign exchange; and devise ways to use tax incentives for investment in renewable energy and energy efficiency in order to reduce the cost of doing business.

"We are called in these difficult times to do more with the abilities and resources with which this nation is blessed.?? I expect that ICAB, and the accountants of this country will all rise to these challenges in moving beyond their usual areas of operation, to help businesses and organisations position themselves for the return of growth," he surmised.??????

Mr. Stuart acknowledged that Barbadians have always risen to the challenges ahead of them and expressed the hope that ICAB would convert ideas into reality for the benefit of their enterprises and others.

julie.carrington@barbados.gov.bb

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