Barbados is set to take a major step toward financial inclusion with the launch of BiMPay, a new instant digital payment platform developed by the Central Bank of Barbados. Scheduled to roll out on June 12, the system aims to transform how Barbadians access and use financial services—particularly for those who remain outside the traditional banking system. Governor Dr Kevin Greenidge described BiMPay...
Barbados is taking a structured step toward improving its business environment, as Business Barbados rolls out a new initiative aimed at strengthening organisations across the island. The programme, launched at the Lloyd Erskine Sandiford Centre as part of the agency’s first anniversary, focuses on providing practical, hands-on support to help organisations operate more efficiently and navigate...
The Caribbean’s luxury hospitality landscape continues to evolve, with Six Senses advancing its expansion in the region through a highly anticipated new resort in Belize. Following its Caribbean debut in Grenada, the brand is now developing a flagship project on Ambergris Caye, one of the region’s most in-demand destinations. A New Luxury Destination The upcoming Six Senses Belize is planned...
The Caribbean has entered 2026 with renewed momentum, as hotel performance across the region reflects a clear upswing in demand, pricing power, and overall visitor spending. After a relatively softer 2025, the latest data points to a confident rebound, reinforcing the region’s position as one of the world’s most resilient and desirable travel destinations. For investors and stakeholders, the...
Barbados has reached a defining milestone in its economic evolution, having been removed from all major international financial watchlists by 2026. This achievement signals a decisive shift in how the island is perceived globally—positioning it as a transparent, compliant, and investment-ready jurisdiction. For global investors, financial institutions, and businesses, this development marks a new...
Barbados has taken a significant step in reinforcing its position within the global trading system by becoming the 60th member of the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) under the World Trade Organization. The move underscores the island’s continued commitment to a rules-based international trade framework, particularly at a time when global dispute resolution mechanisms are...
International support for Caribbean development received a significant boost as Canada expanded its partnership with the Inter-American Development Bank (IDB) Group, reinforcing regional efforts to strengthen resilience, economic growth, and private-sector investment across the Caribbean. The announcement was highlighted during the 2026 IDB Group Annual Meetings in Asunción, Paraguay, where...
The Government of Barbados is examining a series of proposals from the country’s private sector aimed at reducing bureaucracy, removing investment barriers, and strengthening the business environment. The initiative reflects a growing push to enhance economic competitiveness and support private-sector-led growth across the island. The proposals were presented ahead of the national budget discussions,...
The Caribbean tourism industry continues to evolve as destinations look beyond traditional markets to sustain long-term growth. In Barbados, tourism officials are now targeting emerging global markets, including Africa and the Gulf region, as part of a broader strategy to increase visitor arrivals and diversify the island’s tourism base. The initiative was announced by Ian Gooding-Edghill during...
Across the Caribbean, tourism destinations are increasingly embracing mixed-use developments that combine residential living, retail, dining, and lifestyle amenities within a single integrated environment. This evolving development model reflects a broader shift in how Caribbean destinations are planning for long-term tourism growth, investment, and community development. A new project in Grace Bay on...