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Scanners coming

Scanners coming

Government is moving to better secure this island’s ports of entry with the purchase of $12.9 million worth of new scanning equipment to be used by customs officers at the Grantley Adams International Airport (GAIA) and the Bridgetown Port. Minister of Finance Chris Sinckler made the announcement this morning as he signed off on a […]

We have your back, IMF says

We have your back, IMF says

Barbados and other Caribbean countries can count on the support of the International Monetary Fund (IMF) in the fight to protect correspondent banking relationships, the lending institution’s head has assured. Managing Director Christine Lagarde said that some progress had been made, with “a major correspondent bank” offering at a closed-door meeting in Barbados last year, […]

IMF not ruling out devaluation of the Barbados currency

IMF not ruling out devaluation of the Barbados currency

The International Monetary Fund (IMF) has refused to rule out the possibility of a devaluation of the Barbados dollar should the country enter a fiscal programme with the lending institution. IMF Director for the Western Hemisphere Alejandro Werner told Barbados TODAY that devaluation would have to be a choice for Government to make. The Barbados […]

Tax concessions a ‘serious danger’ to economies – Golding

Tax concessions a ‘serious danger’ to economies – Golding

Barbados and other Caribbean countries are losing millions of dollars every year due to a number of concessions being used to lure investors to their shores, according to former Jamaican prime minister Bruce Golding. Golding has described the practice as a “serious danger” to economies, pointing out that it was almost impossible to wean some […]

Bite the bullet

Bite the bullet

Barbados must make difficult decisions with the help of the Social Partnership and stick to those decisions if the country is to pull itself out of the dire economic circumstances, two top economists have said. Acting Central Bank Governor Cleviston Haynes and Director of Economics at the Caribbean Development Bank Dr Justin Ram shared this […]

Ten injured in four-vehicle smash up at Rockley

Ten injured in four-vehicle smash up at Rockley

  Ten people reportedly suffered minor injuries following a four-vehicle smash up along Rockley Road, Christ Church on Friday afternoon. The accident occurred around 4:45 p.m. just opposite Blue Orchid Hotel and involved a minibus, a route taxi and two cars. The minibus was being driven by 32-year-old Bryan Gilkes, of Westmoreland, St James; the […]

St Cyprian’s, St Angela’s rule the pool

St Cyprian’s, St Angela’s rule the pool

Last year’s victory was so nice, St Cyprian’s Boys had to do it twice, retaining their title as kings of the 2017 Purity Primary Interschool Swimming Champions at the Barbados Aquatic Centre. It took a total of 138 points for the boys from Brittons Hill to secure victory over their closest challengers St Angela’s who […]

Man found hanging at apartment

Man found hanging at apartment

Police are investigating the circumstances surrounding the unnatural death of A St Michael man around 7:45 a. Forty-four-year-old Winston Tyrone Forde was found hanging from the rafters of his Wanstead Gardens apartment. He was discovered by family who resorted to forcibly entering his apartment after several attempts to reach by phone had failed.

IMF complaint

IMF complaint

If Barbados or any other Caribbean country wants examples of “well-designed fiscal rules” that have helped to guide consolidation efforts it should look no further than Grenada, Jamaica or St Kitts and Nevis, the head of the International Monetary Fund (IMF) has suggested. In a hard hitting address today at the 2017 High Level Caribbean […]