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Downgrade ‘very serious’

  The Economic Society of Barbados has described the downgrade of Barbados’ foreign currency credit status by Standard & Poor’s today, as very serious, while the Chamber of Commerce and Industry considered it “most unfortunate”. S&P has given this country’s external credit rating junk bond status, based on the competitive challenges in tourism and international […]

Be concerned

Be concerned

It’s an extremely serious report that must be of grave concern to Barbadians, the rating agencies and funding bodies.

Straight to the point

“Barbados’ economic difficulties are by no means over, and our growth, employment and inflation indicators remain less than satisfactory.” — 2012 Half-Year Economic Review, Central Bank of Barbados, July 2012.

Surprise, Surprise! Barbados’ econo

$33m. less owed

worrell: government’s indebtedness reduced to 77 per cent gdp

There has been a reduction in the indebtedness of the Barbados Government to the tune of $33 million.

Governor of the Central Bank of Barbados, Dr. Delisle Worrell, said earlier this

$63m. shortfall

bim records substantial drop in foreign exchange reserves

Barbados has recorded a $63 million decline in its foreign exchange reserves.

In making the announcement in his half-year economic review this afternoon, Governor of the Central Bank of B

Hard times to continue

Barbadians are being warned to brace for continued economic difficulties for the rest of the year, with the spectre of the country’s “precious” foreign exchange rate coming under threat.

In his review of the local economy for the first half of the y


imf’s idea to devalue currency won’t work for bim, says central bank governor

by Emmanuel Joseph

Barbados has rejected “notions” by the International Monetary Fund and rating agencies that it should devalue its currency as a strategy for growth