Prime Minister: Use Savings To Grow Economy

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley believes that money in savings accounts should be used to help this country get out of the current economic challenges. Ms. Mottley expressed this view on Friday night when she delivered the feature address at the Enterprise Growth Fund Limited’s (EGFL) 21st anniversary and unveiling ceremony and cocktail reception at its Barbarees, St. Michael, headquarters. …

Government Creating Economy Ripe For Investment

Paula Harper-Grant Top Stories

Minister in the Ministry of Economic Affairs and Investment, Marsha Caddle, has affirmed that economic enfranchisement is Government’s core policy objective. Speaking at the Barbados Association of Insurance and Financial Advisors’ “Blast-Off” seminar recently at the Hilton Barbados Resort, the Investment Minister said that in order to achieve this objective, Government had a five-point plan, and, she promised, all aspects …

Government’s Reputation ‘On The Up’ With BERT

Joy-Ann Gill Top Stories

Government is there when you need it; there to protect and to empower; powerful and effective and held in reverence and not ridicule. That’s how Special Envoy to the Prime Minister for Investment and Finance and Chairman of the Financial Services Commission (FSC), Professor Avinash Persaud, believes Government’s reputation should be seen here and abroad. He expressed this last Saturday …

Prime Minister Welcomes S&P’S Upgrade

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley has welcomed Barbados’ recent upgrade from the international rating agency Standard & Poor’s, saying it is “great news”. Ms. Mottley said the announcement was an indication that this country’s economic situation was improving with the introduction of the Barbados Economic Recovery and Transformation Programme. However, she stressed that Barbados would not rest on its laurels …

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 …

Jordan: We Must All Bear Economic Burden

Joy-Ann Gill Top Stories

Public sector workers will not be the only ones bearing the burden of the economic crisis. This assurance was given on Thursday by Minister of Labour and Social Partnership Relations, Colin Jordan, as he addressed the Congress of Trade Unions and Staff Association of Barbados’ (CTUSAB) 12th Biennial Delegates’ Conference, at the Three W’s Oval, University of the West Indies, …

Program Does Not Take Draconian Approach

Sharon Austin Top Stories

The Barbados Economic Recovery and Transformation Program “does not take the draconian and outdated approach” of targeting a specific number for the sending home of public workers. This view was expressed by the Barbados Economic Recovery Team, in response to questions recently asked by retired senior lecturer in economics at the University of the West Indies, Cave Hill Campus, Professor …

Targets In BERT Are The ‘Conditionalities’

Sharon Austin Top Stories

The “conditionalities” of the International Monetary Fund’s loan are the targets set by this country in the Barbados Economic Recovery and Transformation Program (BERT). That is the word from the Barbados Economic Recovery Team, in response to questions recently posed by retired senior lecturer in economics at the University of the West Indies, Cave Hill Campus, Professor Michael Howard, in …

Q & A: Barbados’ Economic Recovery Programme

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Barbados Economic Recovery Team’s responses to the questions posed by Professor Michael Howard on page 26A in the Nation’s Sunday Sun for Sunday, September 9, 2018. Ques: What are the projected dollar cuts for current expenditure over the loan period? Ans: The loan period is for 4 years, with the last disbursement in May 2022. Projected expenditure cuts over this period amount …

Barbados & IMF Reach Staff Level Agreement

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Government and the International Monetary Fund (IMF) have reached a Staff Level Agreement. Prime Minister Mia Amor Mottley made the announcement today during a press conference at Government Headquarters, after the wrap-up meeting with the IMF. Ms. Mottley said it was an extraordinary achievement by Barbados to reach this point with the IMF in three months, stating that some countries …