IMF Mission Departs & Legal Advisor Appointed

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Barbados Announces Departure of IMF Mission and Appointment of Legal Advisor. The Government of Barbados announced today that a team from the International Monetary Fund (IMF), led by Bert van Selm, has concluded its three-day visit to Barbados. During this visit, the Fund team was updated on the economic and financial situation in Barbados. Preliminary discussions were held on the key …

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 …

BSRP Initiatives Being Rolled Out

Sharon Austin Top Stories

Government is pushing ahead with rolling out initiatives in the Barbados Sustainable Recovery Plan (BSRP) 2018, in an effort to return this country’s economy to investment grade in an economically, socially and environmentally sustainable manner. This disclosure has come from the Director of Research and Planning Unit in the Economic Affairs Division, Patrick McCaskie, who said the Social Partnership Oversight …

Treasury Department Moving To Country Road

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The public is advised that the Treasury Department will now be relocated to the Ground Floor, National Housing Corporation Building, Country Road, St. Michael, from next Monday, March 26. The telephone numbers for the department will remain the same. Members of the public conducting business with the Treasury Department are advised that the Cashier Section has been relocated to the …

Efforts On To Relocate Treasury Staff

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The Ministry of Finance and Economic Affairs is working assiduously to relocate staff of the Treasury Department following environmental issues at that Government office. This disclosure has come from Permanent Secretary in the Division of Finance, Nancy Headley, who said officials were currently looking for suitable accommodation to house the nearly 100 members of staff. Mrs. Headley continued: “Some employees …

Penalties Waiver For Late Filing Of Annual Returns

Joy-Ann Gill Ministry News

The Corporate Affairs and Intellectual Property Office (CAIPO) has advised local companies which defaulted in filing their annual companies’ returns by the January 31, 2018, deadline, that they now have an opportunity to benefit from a waiver. This is because the Ministry of Finance and Economic Affairs has granted approval for a waiver of penalties imposed under Section 15A (2) …

Sustainable Recovery Plan Now Online

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The Barbados Sustainable Recovery Plan (BSRP) 2018 has been laid in Parliament and members of the public now have an opportunity to familiarise themselves with the document. The plan, which was recently developed by the Social Partnership – Government, the private sector and labour organisations – has been crafted to put the Barbadian economy on a path of sustainable economic …

Refund Of Excess Registration Fees

Sharon Austin Ministry News

Those persons seeking a refund or roll over of excess registration fees paid under the Professional, Trade and Business Registration Act have been advised to present their original receipt to the Registration Department or Labour Department, as soon as possible. According to the Ministry of Finance, the receipt must be presented no later than Wednesday, January 31, 2018, so as …

Lecture Series On Development Starts Dec. 15

Joy-Ann Gill Ministry News

Development: Does it Build a Society? is the theme of the upcoming 11th Lecture-Seminar Series to be hosted by the Economic Affairs Division, Ministry of Finance and Economic Affairs on Friday, December 15. The event, which will take place at the Courtyard by Marriott, The Garrison Historic Area, Hastings, Christ Church, will run from 9:30 a.m. until 12:30 p.m. Permanent Secretary in the Economic …

Competitiveness Draft Report Discussion

Sharon Austin Ministry News

Government will soon receive the draft final evaluation report on a project which was designed to improve productivity, efficiency and competitiveness in this country. The findings of the report on the Barbados Competitiveness Programme will be discussed and feedback given during a closing workshop next Wednesday, August 30, at the Lloyd Erskine Sandiford Centre, at 9:30 a.m. Officials from the …