Barbados has been designated as the new global hub for Small Island Developing States (SIDS), following a landmark agreement signed at the UNCTAD Global Supply Chain Conference held at the Lloyd Erskine Sandiford Centre in Barbados.
The agreement, signed by Gerd Muller, Director General of the United Nations Industrial Development Organisation (UNIDO), and Kerrie Symmonds, Minister of Foreign Affairs and Foreign Trade, sets the stage for Barbados to play a pivotal role in fostering economic diversification and industry development across the Latin American and Caribbean region.
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Prime Minister Mia Amor Mottley hailed the agreement as a significant milestone, emphasizing the potential for Barbados to establish new domestic industries and forge partnerships with international investors. The establishment of the UNIDO Global SIDS Hub in Barbados, according to Mottley, will provide access to essential technology and knowledge crucial for sustainable economic growth.
Stein Hansen, appointed to head the UNIDO office in Barbados, brings extensive experience, having previously served in the country with the United Nations Development Programme.
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Director General Muller highlighted the agreement’s broad impact, benefiting not only Barbados but all SIDS, by focusing on critical sectors essential for regional development.
Prime Minister Mottley expressed gratitude to all involved, underscoring the importance of economic diversification and partnership-building across SIDS and with global stakeholders. The establishment of the hub marks a transformative moment for Barbados and the broader SIDS community.
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