Plan Announced For High Debt Levels

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Barbados Announces Emergency Plan to address High Levels of Public Indebtedness and Fragile External Position The Government of Barbados announced today a multi-pronged plan to address critically-low levels of international reserves, unsustainably high levels of public indebtedness, poor growth and major failings in public infrastructure and social safety nets. To read the full document, please click here. See also: READ MORE …

IMF Board Concludes 2017 Article IV Consultation

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On January 26, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Barbados. Please click here to view the conclusions of the Board.   See also: READ MORE PM Mottley Expresses Confidence In Team anemptytextlline READ MORE Another IMF Team Coming In July anemptytextlline READ MORE Prime Minister Mottley Heads To IMF Meet… …

Release Of IMF 2017 Staff Report

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Earlier this afternoon,  Prime Minister Mia Amor Mottley met with her economic team, the Governor of the Central Bank and senior officials of the Ministry of Finance and Economic Affairs to receive a briefing on the economic challenges facing the Barbados economy. Following the meeting, the Prime Minister authorised the release of the Barbados Staff Report for the 2017 Article …

Entry Into Force Of Barbados/Italy DTA

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The Double Taxation Agreement (DTA) between the Government of Barbados and the Italian Republic has entered into force in accordance with Article 30 of the Agreement. The instruments of ratification for the Convention for the Avoidance of Double Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion  were exchanged by the Minister of Industry, International Business, …

Stronger Ties For Barbados & Italy

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The exchange of instruments of ratification between Barbados and Italy to effectively conclude a Double Taxation Agreement was among the highlights of a visit to Barbados by Italy’s Special Envoy for the Caribbean, Paolo Serpi. Ambassador Serpi and Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, officially exchanged the instrument, which was first signed in August …

Prime Minister Signs Maritime Boundaries Agreement

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Prime Minister Freundel Stuart and his St. Lucian counterpart, Prime Minister Allen Chastenet, today signed a treaty establishing a maritime boundary agreement between the two countries. The signing was completed in the margins of the Thirty-eighth Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM), now wrapping up in St. George’s, Grenada. In a statement …

Barbados & Australia Hold Discussions

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Barbados and Australia have pledged to work more closely in the areas of climate change and trade and investment. This was underscored on Tuesday, when Minister of Foreign Affairs and Foreign Trade, Senator Maxine McClean; and Australia’s Minister of Foreign Affairs, Julie Bishop, held bilateral talks on the margins of the 38th Regular Meeting of the Conference of Heads of …

B’dos & Japan To Strengthen Relations

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The Governments of Barbados and Japan are exploring ways of forming stronger bilateral relations, especially in the areas of youth development, disaster preparedness, and sports development. During a recent courtesy call with Japan’s Parliamentary Vice-Minister of Foreign Affairs, Shunsuke Takei, Minister of Culture, Sports and Youth, Stephen Lashley, expressed interest in creating opportunities for the youth of both countries to …

40 Years Of Barbados-China Relations

Deirdre Gittens Ministry News

Barbados and the People’s Republic of China will celebrate 40 years of diplomatic relations on Tuesday, May 30, and several events are being hosted to mark the occasion. A forum, entitled: Barbados and the People’s Republic of China – Celebrating Forty Years of Relations: Achievements, Opportunities, Strategies, will be held this Friday, May 26, at the Lloyd Erskine Sandiford Centre, …