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Barbados Optimistic About Growth in Tourism Sector

BRIDGETOWN, Barbados – Barbados recorded over 10,000 air passenger arrivals in July after months of being hard-hit by the global coronavirus (COVID-19) pandemic and for the first time since December last year, the local tourism industry is suggesting a positive turn out for the industry ahead of the 2021-22 winter season.

Unlocking Finance – A Prerequisite for Caribbean Transformation

As we in the Caribbean seek to fast-track recovery and build a post COVID-19 world where business plays a leadership role in creating much needed jobs, access to finance remains a major constraint. The World Bank in its 2020 Ease of Doing Business Report notes that of the 14 Caribbean countries that were reviewed in its annual report, only 3 of them Jamaica (ranked 15th), Trinidad & Tobago (ranked 67th) and Guyana ranked 94th) are among the top 100 countries globally in accessing credit. This is out of a total of 190 countries. Simply put, we are not doing well in this critical index.  

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