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Subsidies to Fund Access ends April 1

Government is about to save approximately $2.5 million annually in subsidies to at least one state entity. Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss today announced that come April 1, he expected Fund Access – the agency charged with providing development finance for micro enterprises – to become independent of […]

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IMF issues new fiscal warning

The International Monetary Fund (IMF) is again warning that Government needed to urgently implement a “sizeable and credible” fiscal adjustment programme in order to get a grip on the stalled economy. This latest recommendation came on the heels of mounting calls for the Freundel Stuart administration to enter into an official programme with the Washington-based […]

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Money printing will continue – Sinckler

The contentious printing of money by the Freundel Stuart Administration will continue for the foreseeable future, Minister of Finance Chris Sinckler today revealed. However, Sinckler told a news conference at Government Headquarters this afternoon that immediate steps were being taken to steadily reduce the practice over the next year. “We have set ourselves the target […]

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You’re wrong, Don

Director of the Sir Arthur Lewis Institute of Social and Economic Studies (SALISE) at the University of the West Indies (UWI) Dr Don Marshall was way out of his league on the issue of money-printing and must leave the assessment of the Barbados economy to the trained economists, said an Opposition Barbados Labour Party (BLP) […]

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Still no clear plan from Sinckler, say analysts

Government is yet to provide a clear plan for bringing the Barbados economy out of its current rut. This was the assessment of four respected analysts today after hearing Minister of Finance Chris Sinckler’s latest press conference on the state of the economy. Speaking on local radio, retired economist Charlie Skeete warned that the current […]

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Going with Owen

It seems as though former Prime Minister Owen Arthur will lead Government’s economic advisory team, after all. Prime Minister Freundel Stuart has finally been convinced that Arthur is the right person for the job in these difficult economic times, an official source told Barbados TODAY. The former Barbados Labour Party (BLP) leader – now Independent […]

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Government changes tax concession rules

The Government of Barbados has issued new guidelines to investors and developers seeking tax waivers for projects here. Minister of Finance Chris Sinckler today revealed that from this month, those obtaining such concessions must sell to the Central Bank of Barbados (CBB) at least one third of all foreign exchange brought on island through the […]

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Wrong path

Economic Advisor to the Opposition Barbados Labour Party (BLP) Dr Clyde Mascoll said he would not be fooled by the controversial Minister of Agriculture Dr David Estwick, who has deemed his own administration as a failure economically. The outspoken Estwick has openly criticized the Democratic Labour Party (DLP) administration’s economic policies on many occasions, most […]

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Worrell’s possible successors

Three Barbadian economists have been identified as possible replacements for sacked Governor of the Central Bank of Barbados, Dr DeLisle Worrell. This follows last Friday’s announcement by the Ministry of Finance and Economic Affairs of Worrell’s removal, which came after a bitter court battle between him and Minister of Finance Chris Sinckler over the Government’s […]

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Farm hunt

With the local economy under severe strain and stress and pressure mounting on Government to cut jobs, the Freundel Stuart administration has stepped up its efforts to find work for Barbadians overseas. Following a recent visit to Washington DC, Minister of Labour Senator Dr Esther Byer-Suckoo has revealed that Government is actively pursuing opportunities under […]

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