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Investment key to meeting economic growth targets

March 5, 2024

Central Bank Governor Dr. Kevin Greenidge is underscoring the important role investment will play if Barbados is to meet its economic growth targets.

Dr. Greenidge was speaking as he reflected on his first year in office, having taken up the role on March first last year.

He says increased investment from the private and public sectors, as well as foreign interests will all play a critical role.

Dr. Greenidge says it’s an attainable target as the country has seen high levels of investment in the early 2000’s, although it fell off as a result of different shocks.

According to figures presented in last month’s Central Bank review, the country recorded 4.4% growth in 2023.

The Governor has responded to concerns that this growth is not being felt by all, explaining it will take time to reach to some pockets of society.

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