Minister of Finance and Economic Affairs, Christopher Sinckler, heads a delegation this weekend to participate in a series of investment meetings in London and New York, from January 31, to February 3.
During the four-day visit, Mr. Sinckler is expected to hold talks with such investment banks as Citicorp, Deutsche Bank, Credit Suisse and JP Morgan and Rating Agencies – Standard and Poor’s and Moody’s.
The purpose of the meetings (which are normally referred to as the Annual Road Show) is to introduce the new Minister of Finance to the institutional investors who tend to invest or support trading in Barbados’ foreign bonds.?? The discussions are organised on an annual basis and are aimed at augmenting existing relationships with these investors, while serving to build investor confidence in the leadership of the Government.
The familiarisation tour for the Minister of Finance is being organised by Financial Consultant to the Barbados Government, Mr. Geoffrey Bell of Geoffrey Bell and Company Inc.
The discussions come at a time when countries like Barbados are recovering from a world-wide recession and need to be vigilant as they strive to maintain financial stability and regain economic momentum. It is, therefore, anticipated that this activity would assist in reassuring investors of the resilience of the Barbados economy and in preserving Barbados’ credit worthiness.
Other members of the delegation include Permanent Secretary, Ministry of Finance, Margaret Sivers-Carter; Central Bank Governor, Dr. Delisle Worrell; and Deputy Director Banking, Currency and Investment, Central Bank of Barbados, Michelle Doyle-Lowe.
Mr. Sinckler will travel to London from January 31 to February 1, and then on to New York from February 2 to February 3.??