Barbados has secured an additional US$56 million (BDS$112 million) from the International Monetary Fund (IMF) following a successful fourth programme review. This development underscores the nation’s impressive economic performance and strides in climate resilience under its homegrown economic recovery plan, BERT 2022. The new disbursement comprises US$19 million (BDS$38 million) under the IMF’s...
The Caribbean Hotel and Tourism Association (CHTA) hosted its much-anticipated Caribbean Hospitality Industry Exchange Forum (CHIEF) in Miami last month, uniting hospitality and tourism leaders from across the region. Under the theme “Keeping It Real: Amplifying Caribbean Tourism through Authenticity, Integration, and Immersion,” CHIEF 2025 spotlighted the growing importance of creating genuine...
KPMG has officially unveiled a new global centre of excellence dedicated to improving healthcare systems in island communities, focusing on the unique challenges they face. Dr. Anna van Poucke, Global Head of Healthcare at KPMG International, emphasized, “As healthcare systems worldwide encounter both unprecedented challenges and opportunities, KPMG International recognizes the pressing need for...
Flights to the Caribbean are becoming significantly more affordable, according to the latest Travel Trends Forecast from popular travel platform, Kayak. The report reveals a 17% decrease in airfare to the Caribbean year-over-year, marking the lowest prices seen in three years. Destinations like Dominica and Barbados have seen some of the biggest savings, with airfare down 21% and 17%,...
Prime Minister Mia Amor Mottley of Barbados has earned a spot on Forbes Magazine’s prestigious list of the 100 most powerful women in the world for the second time. Mottley, 59, was recognized in the Politics and Policy category, with the magazine highlighting her remarkable leadership on the global stage. Mottley made history in 2018 when she became Barbados' first female prime minister. Since then,...
The Caribbean has emerged as a top choice for global holiday travelers in 2024, with destinations across the region seeing impressive growth in hotel occupancy rates and average daily rates (ADR). Amadeus’ Demand360® data, as of December 2, 2024, highlights a shift in global travel patterns for the festive season, underscoring the Caribbean’s appeal alongside strong growth in the Asia Pacific...
The enchanting islands of the Eastern Caribbean—Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, and Saint Lucia—are celebrated for their turquoise waters, lush landscapes, and vibrant cultures. Yet, these nations have also garnered attention for their innovative Citizenship-by-Investment (CBI) programs, offering individuals the chance to secure citizenship in exchange for financial...
The Caribbean Development Bank (CDB) has once again proven its financial resilience and commitment to regional development. On November 27, 2024, S&P Global Ratings reaffirmed the Bank’s stellar ‘AA+/Stable/A-1’ credit ratings, reflecting its robust financial standing and prudent management practices. In its announcement, the CDB expressed satisfaction with the affirmation, noting that the...
Barbados, with its boutique hotels, uncrowded beaches, charming shops, and mouthwatering local delicacies like bread-and-two and cutters, is truly a destination like no other. Known for its seamless blend of elegance, laid-back charm, and stunning coastlines, this island paradise is now easier to reach, thanks to Delta Air Lines’ latest expansion. Delta has recently launched daily nonstop flights...
Barbados is paving the way for dynamic international collaborations, as Prime Minister Mia Amor Mottley recently held discussions with Russian Ambassador Alexander Kurmaz and India’s non-resident High Commissioner to Barbados, Shri Subhash Prasad Gupta. The talks focused on a wide range of topics, including skill development, economic opportunities, and the future of Barbados’ healthcare and...