Financial Management & Audit Act To Be Reformed

Sharon Austin Top Stories

The Financial Management and Audit Act is being reformed in an effort to strengthen existing weaknesses in Government’s financial management system. This news came today from Minister in the Ministry of Finance, Ryan Straughn, as he delivered the feature address at the Annual Conference of the Institute of Chartered Accountants of Barbados (ICAB), at the Lloyd Erskine Sandiford Centre. Mr. …

State Enterprises’ Accounts Must Be Up-To-Date

Sharon Austin Top Stories

Government is seeking to have the audit of accounts of key state enterprises brought up to date by March 31, 2019, under the Barbados Economic Recovery and Transformation Program. This disclosure came today from Minister in the Ministry of Finance, Ryan Straughn, as he delivered the feature address at the Annual Conference of the Institute of Chartered Accountants of Barbados …

Barbados Receives US $75 Million Loan

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The Government of Barbados has received a policy-based loan of US$75 million from the Caribbean Development Bank (CDB). The Board of Directors of the CDB approved the loan, which will support the implementation of the Barbados Economic Recovery and Transformation (BERT) Plan. The money will also support Government’s programme, which includes revenue administration and collection, expenditure and debt management, public …

‘Rethinking HR’ Not New To Government

Joy-Ann Gill Top Stories

Rethinking HR is not a new phenomenon, but remains a critical topic, especially at this time of our country’s juncture, says Minister of Labour and Social Partnership Relations, Colin Jordan. The Minister was addressing the official opening of the 20th Annual Conference of the Human Resource Management Association of Barbados (HRMAB) Inc. yesterday at Radisson Aquatica Resort. The event was …

BERT Can Move Barbados Forward

Sharon Austin Top Stories

Senior Technical Adviser to Government, Dr. Kevin Greenidge, is confident that if the Barbados Economic Recovery and Transformation (BERT) Plan is implemented within the timeframe, it would move the country forward. Dr. Greenidge expressed this view today during a press conference at the Grande Salle, Central Bank of Barbados, to give an update on the BERT programme. Saying the country …

BERT Programme Option Form

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As part of the Economic Recovery and Transformation Programme, the Government of Barbados is seeking to retrain and retool displaced public sector workers and to provide opportunities to gain alternative employment or to be self-employed. To assist in this effort, an option form has been developed. Persons are encouraged to study the form closely, complete it and submit it online. …

Committee Set Up To Monitor BERT Performance

Sharon Austin Top Stories

An independent sub-committee has been set up within the Social Partnership to monitor Government’s performance with regards to the attainment of targets under the Barbados Economic Recovery and Transformation (BERT) Plan. This disclosure came today from Prime Minister Mia Amor Mottley, who said the co-chairs of the BERT Monitoring Committee were Chairman of the Barbados Private Sector Association, Edward Clarke; …

Statement From Ambassador Dr. Clyde Mascoll

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Statement from Chief Economic Counsellor and Lead Negotiator With The IMF, Ambassador Dr. Clyde Mascoll It is difficult to understand Mr. Stephen’s shattering investor confidence comment. The greatest threat to investor confidence was a possible devaluation of the Barbados dollar. The Barbados Economic Recovery and Transformation programme is designed precisely to protect the value of the dollar which should instil …

Dr. Greenidge: Growth Of Economy Critical

Sharon Austin Top Stories

Senior Technical Advisor to the Government of Barbados, Dr. Kevin Greenidge, has underscored the importance of growth in the economy, saying that’s how the country needs to go forward. Dr. Greenidge’s comments came last evening as he was delivering remarks at an Economic Symposium entitled: The Global Financial Crisis – Ten Years Later: Implications for Barbados and the wider Caribbean, at …

IMF Approves Extended Fund Facility

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The Executive Board of the International Monetary Fund (IMF) today approved the staff-level agreement on an Extended Fund Facility, which will give Barbados access to about US $290 million, over the next four years. This disclosure came from Chief Economic Counsellor and lead negotiator with the IMF, Ambassador Dr. Clyde Mascoll, who said the money would be given at a …