In January, the Central Bank of Barbados shared an optimistic review of the nation’s economic performance for 2023. Governor Dr. Kevin Greenidge reported a 4.4 percent growth in GDP, marking eleven consecutive quarters of real economic expansion. For the first time since the pandemic, GDP surpassed pre-pandemic levels in both nominal and real terms. The tourism sector was pivotal to this recovery, with...
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...
Cunard’s iconic Queen Elizabeth is setting sail for an exciting milestone: its first-ever full Caribbean cruise season, departing from Miami starting October 2025. This move reflects Cunard's ongoing commitment to expanding its footprint in North America and introducing guests to the stunning beauty of the Caribbean. A Revamped Queen Elizabeth Before its Caribbean debut, the Queen Elizabeth will...
Barbados proudly celebrates the appointment of Daniel Best as the seventh president of the Caribbean Development Bank (CDB). The CDB’s board of governors announced the historic decision on Wednesday, marking a pivotal moment for the institution and the region. In its official statement, the CDB emphasized Best’s extensive expertise and visionary leadership. “This decision underscores the bank’s...
Developing and owning hotels in the Caribbean comes with its unique challenges—local labor laws, weather unpredictability, and cultural nuances all contribute to the complexity. To mitigate these risks, a growing number of hotel owners are turning to third-party management companies, a trend that's reshaping the region’s hospitality landscape. At the recent Caribbean Hotel Investment Conference and...
Barbados has successfully executed the world's first debt-for-climate-resilience operation, securing financing to modernize its water and sewage infrastructure in the face of climate change. This groundbreaking initiative, supported by international funding partners, replaces expensive debt with affordable financing, generating $125 million in fiscal savings to enhance water management and food...
On Saturday, Prime Minister Mia Amor Mottley of Barbados hosted a strategic meeting with the Prime Minister of Trinidad and Tobago, Dr. Keith Rowley; President of Guyana, Dr. Irfaan Ali; and St. Vincent and the Grenadines’ Finance Minister, Camillo Gonsalves. The high-level talks were conducted with a bipartisan Congressional Delegation led by United States House Minority Leader Hakeem Jeffries. This...
Barbados is embarking on a cultural renaissance with a series of ambitious heritage and creative projects set to reshape the island's cultural hubs over the next two years. Prime Minister Mia Mottley shared this vision during the opening of the Marcus Garvey Amphitheatre at Queen’s Park on Thursday, promising spaces that celebrate Barbadian history, creativity, and community. Revitalizing Queen’s...
Barbados has formalized a significant $500 million agreement with the Export-Import Bank of the United States (EXIM Bank), aimed at strengthening essential sectors such as renewable energy, cybersecurity, water infrastructure, and maritime security. The Memorandum of Understanding (MOU), signed by Prime Minister Mia Mottley and EXIM Bank Chairman and President, Reta Jo Lewis, is set to remain in effect...
Strengthening the historical and cultural bonds between India and the Caribbean Community (CARICOM), Indian Prime Minister Shri Narendra Modi has unveiled an ambitious seven-point agenda aimed at fostering deeper collaboration and driving development in the region. The announcement came during the Second India-CARICOM Summit, held on Wednesday at the Marriott Hotel in Georgetown, Guyana—a historic...