Section
Markets, enterprise, and economic developments.
Lead story
Former government minister and senator, Rudolph Cappy Greenidge, calls for a job description for Members of Parliament in Barbados, stating that they are seen as "modern-day sugar daddies" by constituents. He also suggests increasing the pensionable age for MPs.
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The Antigua and Barbuda government is negotiating arrangements with LIAT (2020) Limited and LIAT (1974) regarding the purchase of assets, while other states are pursuing the establishment of a competing airline. The government is prepared to invest $15-20 million in the new venture, which will have six planes and an air operating certificate already secured.
The World Bank and the Inter-American Development Bank have signed a four-year agreement to support Barbados and other countries in building resilience in areas such as climate change and digitization. Trillions of dollars will be made available to achieve development goals.
The management transition of Barbados' sugar industry is progressing as planned, according to Minister of Agriculture Indar Weir, who stated that the industry would be owned by Barbadians.
Finance Minister Stanley Raghoebarsing defends the Suriname government's decision to amend the value added tax (VAT), acknowledging mistakes in implementation. The International Monetary Fund (IMF) has outlined this as a condition for providing assistance to the country.
