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News - barbados today

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Planning for CARIFESTA XV the Caribbeans premier arts festival is ramping up ahead of its staging in Barbados from August 22 to 31. The 31st Regional Cultural Committee (RCC) opened…

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The Mia Mottley administrations decision to raise US$500 million (BDS$1 billion) on international capital markets has drawn fierce criticism from the Senate opposition which claims the move will saddle taxpayers…

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A mobile app that will allow Barbadians to track their National Insurance contributions and benefits is set to launch by the end of the year and the people it is…

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The Barbadian public will soon be able to upload their sick leave forms directly to the National Insurance and Social Security Service (NISSS) website. This was revealed by Minister of…

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The Director of the Department of Emergency Management (DEM) Kerry Hinds is calling for young people and members of the disabled community to be placed at the heart of disaster…

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Barbadians hoping for lower insurance premiums in the near future are set for disappointment as the islands top financial regulator has made clear that global market forces—rather than local decisions—are…

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Minister in the Ministry of Finance Ryan Straughn has called on regional insurance regulators to urgently restore public confidence in the industry warning that unresolved claims failed insurers and capital…

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Barbados two largest credit unions have issued a stark warning to their more than 190 000 members: use your accounts for fraudulent activity and you could face frozen funds or…

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Barbados is set to benefit from a wave of new United Nations-backed projects worth tens of millions of dollars as international agencies intensify efforts to boost the islands climate resilience healthcare and child welfare in the face of mounting regional challenges.Speaking during a press conference on Wednesday at UN House regional representatives from the Pan American Health Organisation (PAHO) the United Nations Development Fund (UNDP) and the UN childrens agency UNICEF outlined ongoing efforts to strengthen the islands resilience healthcare systems and youth development amid increasing climate threats and shifting health burdens.They were highlighting key developments from the UN Barbados and Eastern Caribbean 2024 Annual Results Report.PAHO adviser for Health Surveillance Disease Prevention and Control Dr Prabhjot Singh praised the islands leadership on global health security.He said: Last year in the UN General Assembly a resolution was passed led by Barbados. And taking lead from that we have collaborated with the Food and Agricultural Organisation and the World Bank to have a project on pandemic preparedness approved approximately $24 million that is going to be injected over the next three years... to prevent pandemics across six countries.Dr Singh said PAHO was also partnering with the Organisation of Eastern Caribbean States (OECS) to confront the growing burden of non-communicable diseases (NCDs) such as diabetes hypertension and cancer as well as address shortages of specialised healthcare professionals.We are going down to revising the job descriptions of these nurses and doctors so that they can be 21st century and therefore you can have a better workforce he said.

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Barbados is set to launch a US$500 million (BDS$1 billion) international bond aimed at refinancing debt and freeing up hundreds of millions for social programmes in a move the government said would bolster economic resilience and protect vital public services.The measure was debated in the upper house on Wednesday during a resolution related to the External Loan Act.Leader of government business in the Senate Senator Lisa Cummins explained that the bond issuance would allow Barbados to repay over US$300m (BDS$600m) of a bond originally scheduled to mature in 2029 while also freeing up significant financial resources for national priorities.The operation is meant to free up approximately $372m in net terms for the remainder of 2025 through calendar year 2026. Over the next two years it gives Barbados a buffer a cushion a risk mitigator of $372m she said. This significant reduction in outflows from the country will also help the government and the Central Bank that is responsible for fiscal management to ensure that we can maximise our reserve levels over the period to boost our resilience to external shocks and to support our work so that we can benefit from continued upgrades from the international agencies.She explained that the transaction is part of the governments broader debt management strategy aimed not only at easing debt service obligations but also at ensuring adequate liquidity to sustain vital social programmes and investments in infrastructure and education.Senator Cummins described the move as critical to maintaining Barbadoss social safety net and improving everyday life for citizens. She said it was part of a deliberate effort to create fiscal space allowing the government to reallocate financial resources to meet national needs.

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Barbados recent economic progress could be undermined by a surge in violent crime unless the government urgently allocates new loan funds to public safety an independent senator warned on Wednesday.Senator Kevin Boyce suggested to fellow lawmakers that a portion of the newly available $370 million from the governments latest bond issue be directed towards combating what he described as domestic terrorism cautioning that failure to act could jeopardise the countrys stability and growth.It is hoped that the $370 million in fiscal space that the government is going to gain is put towards this war on crime and we stamp it out he urged as the chamber took up the bond resolution under the External Loans Act.Senator Boyce stressed that there is a direct connection between crime and economic performance citing research abroad and a surge in violence at home.We have a situation where the police force in Barbados is talking about terrorism—domestic terrorism he said. We are seeing reports of fellows on bicycles with automatic weapons shooting up the place.Senator Boyce explained that while the resolution under debate focused on accessing external funds and enhancing economic resilience it was important to connect the discussion to the countrys current situation.We are here having a debate about a bond and economic policy. This is how it correlates he said. If the crime is not brought under control it has an impact on the same economy that we are trying to build.Quoting the 2023 IMF Regional Economic Outlook report he pointed to findings that link increases in homicide rates to slower economic growth in Latin America and the Caribbean (LAC).Crime and insecurity have become increasingly widespread in LAC… entailing not only social cost but significant negative effects on productivity capital accumulation and economic growth he read aloud. Preliminary analysis suggests that strengthening domestic security in the region could meaningfully bolster growth.

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Barbados recorded its eighth road fatality for the year on Tuesday night when a motorcyclist was struck and killed along Lodge Road Christ Church. The victim identified by police as…

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Minister of Tourism and International Transport Ian Gooding-Edghill has defended what he says is the countrys longstanding reputation for warm and welcoming hospitality following a recent exit survey that highlighted…