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...
The Caribbean hospitality sector continues to attract strong investor interest, and the upcoming ALIS Caribbean and Latin America (ALIS CALA) conference is set to play a key role in shaping the region’s hotel investment landscape. The event will take place April 28–30, 2026, at the Loews Coral Gables Hotel in Coral Gables, Florida, bringing together investors, developers, lenders, and hotel executives...
The African Export-Import Bank (Afreximbank) has significantly expanded its financial commitment to the Caribbean Community (CARICOM), raising its regional financing cap from US$3 billion to US$5 billion. The announcement was made during the 50th Regular Meeting of the Conference of Heads of Government of CARICOM held on 25 February 2026 in Basseterre, St. Kitts and Nevis. The increase reflects...
Barbados is reinforcing its position as a competitive international business jurisdiction, with renewed focus on strengthening its captive insurance sector and enhancing its overall investor environment. Recent developments signal a strategic push to modernise regulatory frameworks, improve operational efficiency, and deepen engagement with global investors. As the island continues to diversify its...
Barbados is reinforcing its position as a key Caribbean trade hub as more than 50 Guyanese businesses deepen commercial ties with Barbadian partners ahead of the highly anticipated Agrofest 2026, taking place from February 27 to March 1, 2026, at Queen’s Park in Bridgetown. The initiative highlights growing economic collaboration between the two CARICOM nations, with entrepreneurs and manufacturers...
Barbados has taken a significant step toward sustainable maritime transport with the launch of a green shipping corridor pre-feasibility study, supported by the International Maritime Organization (IMO). The initiative reflects the island’s growing commitment to climate action and positions Barbados within the global movement to decarbonize international shipping. The study was formally initiated in...
Barbados has officially rebased its Gross Domestic Product (GDP), updating the base year from 2016 to 2023. The move, undertaken by the Barbados Statistical Service, modernizes the country’s national accounts framework and ensures that economic measurements more accurately reflect current production patterns, price structures, and sectoral contributions. GDP rebasing is a standard statistical...