Section
Markets, enterprise, and economic developments.
Lead story
Barbados' Central Bank Governor calls for increased investment, particularly from the private sector, following the country's third credit rating upgrade. Economists discuss the impact on financing costs and investor confidence.
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Barbados faces stagnant productivity levels and economic growth, prompting the need for increased technological innovation, as highlighted by the Inter-American Development Bank's assessment in a recent report on Caribbean economies.
The Barbados Consulate in New York is launching a project to support Barbadians and Americans in business, focusing on small entrepreneurs. The initiative aims to facilitate partnerships and establish a Barbados Business Network. An internship program for young Barbadians in the diaspora is also planned.
Barbados senator highlights the economic impact of the expanding villa sector on the country's economy. Issues faced by villa operators with utility providers and lack of regulation by the FTC.
Reflecting on 2024 and looking ahead to 2025, employers seek increased profitability while workers hope for better wages and job security amidst global economic uncertainties and technological advancements. Challenges persist in unemployment trends and social security pressures, emphasizing the need for sustainable entrepreneurship and innovative solutions.
