If you're seeking financing for your property investment in Barbados, you have various options to explore. Financing options are available for various property types in Barbados, including new construction, land-and-build projects, and existing homes. Buyers can find tailored mortgage solutions that align with their specific property needs, making it easier to secure funding for a wide range of real...
From April to July 2024, the Central Bank of Barbados (CBB) engaged in in-depth discussions with local financial institutions, the World Bank, and other key stakeholders to assess and enhance the country's payments infrastructure. These talks focused on reviewing the current legal and regulatory framework, with an emphasis on improving Barbados' Real-Time Payments (RTP) system. As part of this effort,...
IDB Invest, which is part of the Inter-American Development Bank (IDB) and works with private companies, has raised $750 million by selling a bond under its Global Debt Program. A bond is basically a loan investors give to an organization, and in return, they get interest over time. This bond will last for 2.5 years, and it pays 3.625 percent interest every six months. The price of the bond was set at a...
One of the leading law firms in Barbados, Clarke Gittens Farmer, has rebranded itself as CGF, marking a major step forward in its evolution. This rebranding includes a fresh new logo, a modern website, and a strategic move to a ".law" domain, underscoring the firm's commitment to leadership in the Caribbean legal landscape. Central to this rebranding is the establishment of CGF Advisory Services Ltd, a...
A regional gathering focused on "Financing Circular Economy Solutions for Waste Management" concluded on September 6. Funded by the EU's Zero Waste in the Caribbean initiative and co-financed by German Cooperation alongside CARIFORUM, the meeting brought together over 60 waste-management experts to explore financial solutions for transforming waste into opportunities within the circular economy. Held...
In response to recent concerns regarding the Central Bank of Barbados' economic report and analysis, the institution has reiterated its commitment to accuracy, transparency, and public trust—principles that have been foundational throughout its 50-plus-year history. The Central Bank emphasizes the vital importance of precise, transparent, and objective economic reporting in maintaining public confidence...
Fortress Fund Managers (FFM) may see significant benefits for their Barbados dollar funds as global interest rates begin to decline. In FFM's June 2024 quarterly report, it was highlighted that the Fortress Caribbean Growth Fund, the Fortress Caribbean High Interest Fund, and the Fortress Caribbean Pension Fund are well-positioned to take advantage of this global trend. View Commercial Properties...
Barbados presents a wealth of opportunities in financial services and insurance, supported by a favorable business environment, robust infrastructure, and skilled workforce. Investors can benefit from the island's regulatory framework, experienced professionals, and excellent quality of life. Financial Services Barbados has long been a hub for financial services, attracting banks and high-net-worth...
The financial landscape in Barbados and the broader Caribbean is set to benefit from the introduction of the Blue Green Bank (BGB). Following the launch of the African Import & Export Bank, BGB is another significant entrant poised to enhance development financing, particularly in climate resilience. The BGB, backed by the Green Climate Fund, aims to reduce the cost of financing for projects...
The Central Bank of Barbados has launched new Market Conduct Guidelines to improve transparency and fairness within the financial services sector. Effective as of last Friday, these guidelines establish minimum standards for how licensed financial institutions should interact with their clients. Governor Dr. Kevin Greenidge introduced the new regulations on Monday at the Courtney Blackman Grand Salle...