Governor Dr. Kevin Greenidge Highlights the Power of Investment at BIBA’s 2025 Economic Outlook Seminar
Investment is the engine that drives economic growth, and Barbados must continue to attract both public and private investment to secure long-term prosperity. This was the key message from Central Bank Governor Dr. Kevin Greenidge at the BIBA: The Association for Global Business’ 2025 Economic Outlook Seminar, where business leaders gathered to discuss the nation’s financial future.
View Barbados Luxury Properties for Sale
Investment: The Cornerstone of Economic Expansion
Dr. Greenidge emphasized that sustained investment is critical for job creation, business expansion, and national development. He highlighted the direct link between capital inflows and economic performance, stating:
“Investment—whether foreign direct investment, local business expansion, or government-led projects—is what fuels economic activity. The stronger our investment climate, the greater our potential for growth.”
He noted that if investment levels increase, Barbados could surpass the projected 3% GDP growth rate in 2025, reinforcing the need to create an attractive environment for investors.
The Role of Government in Driving Investment
Government initiatives play a significant role in fostering an investment-friendly economy. Dr. Greenidge addressed the importance of strategic public-sector projects, explaining that these create infrastructure, employment, and opportunities that encourage further private-sector participation.
Additionally, he clarified the role of government borrowing in economic development, stating:
“Borrowing, when done strategically, is not a weakness but a tool for growth. It allows us to fund critical projects that enhance our business environment and attract private-sector investments.”
View Barbados Luxury Properties for Sale
Private-Sector Growth and Foreign Direct Investment
Beyond government-led initiatives, private-sector investment and foreign direct investment (FDI) are essential for accelerating Barbados’ economic progress. The international business sector remains a pillar of the economy, but recent declines in foreign currency permit renewals and firm relocations raise concerns.
BIBA President Marlon Yarde acknowledged these challenges but expressed optimism about new opportunities, particularly through the OECD’s global minimum corporate tax agreement and the growing need for sustainability-focused investment strategies.
Overcoming Global Economic Challenges
While local policies influence investment, external factors such as global economic conditions and trade policies also shape Barbados’ economic prospects. Dr. Greenidge pointed out that:
“If the global economy performs well, tourism will thrive, and foreign investment will increase. However, if major economies slow down or impose restrictions, our economic momentum could be affected.”
To mitigate these risks, he stressed the importance of economic diversification and resilience-building strategies to ensure continued investor confidence.
View Barbados Luxury Properties for Sale
A Long-Term Vision for Prosperity
As Barbados moves forward, long-term investment planning remains essential to achieving sustainable growth. Dr. Greenidge concluded with a call to action:
“We are on the right path, but sustained progress requires commitment. Investment is the foundation of economic stability and prosperity. The more we invest in our future today, the stronger and more resilient Barbados will be tomorrow.”
His message was clear: investment is not just about financial returns—it is about securing Barbados’ economic future, fostering innovation, and creating opportunities for generations to come.
View all of our Properties for Sale in Barbados
