Barbados foreign reserves currently stands at 1.489 billion dollars.
Barbados and Trinidad and Tobago Monday signed a Unitisation Agreement that would allow for the exploration of hydro carbons in the geological formations offshore where the borders of the two Caribbean Community (CARICOM) countries meet.
The Central Bank of Barbados has further liberalised foreign currency transactions, continuing the movement toward more relaxed exchange controls that it began in 2019.
The Monetary Council of the Eastern Caribbean Central Bank (ECCB) ended here on Friday with a prediction that economic growth in the sub-regional grouping will be slighter weaker in 2020 as compared with the previous years..
The Trinidad and Tobago government says it is committed to continue the negotiations and discussions “in good faith” with the union-owned Patriotic Energies and Technologies Company Limited regarding the sale of the oil refinery at the former state-owned company, PETROTRIN.
2019 was a tough year for one of the largest suppliers of fresh and frozen fish and seafood in Barbados.
Thirteen Barbadians will soon have the opportunity to work at Canada’s Blue Mountain Resort.
Barbados’ economy has “turned the corner” and the prospects for this year look good. Prime Minister Mia Amor Mottley said the necessary hard work had been done for this positive result to be seen.
The micro, small and medium enterprise (MSME) sector will continue to be high on the agenda of Government, given its critical role in the island’s development.
The Barbados Trust Fund Limited (BTFL) has approved 2,800 loans amounting to $13.3 million, and processed 3,500 loans.