作者: admin

  • Moore proposes ‘portable’ social security for all workers

    Moore proposes ‘portable’ social security for all workers

    As Barbados prepares to mark May Day, also known as International Workers’ Day, a governing backbench lawmaker and prominent trade union leader is pushing for urgent, transformative change to the country’s social safety net, warning that a growing share of the modern workforce is being locked out of critical coverage amid the global shift away from traditional full-time employment.

    Toni Moore, who represents the St George North constituency, has tabled a parliamentary resolution calling for the creation of a National Portable Benefits Framework — a policy she frames as a long-overdue update to the island nation’s 56-year-old National Insurance Scheme (NIS), which she argues was built for a labor market that no longer exists for nearly a third of working Barbadians.

    Moore told fellow legislators that the current social security system, launched in 1967, was designed exclusively for an economy defined by stable, long-term roles with a single employer. That model, she emphasized, has become increasingly disconnected from how thousands of Barbadians actually earn a living today, where gig work, freelance contracts, informal roles, and multiple concurrent jobs have become the norm for many.

    At its core, the proposed framework would upend how social security contributions and benefits are structured: instead of tying coverage to a specific job, coverage would move with the worker across every role they take. Moore explained that this shift is critical to closing growing gaps in protection for workers holding multiple roles across a single workday. “A Barbadian worker might find himself or herself working in a rideshare in the morning, going up to the airport and hustling as a red cap in the afternoon, and in the evening time, working security,” Moore said, pointing out that domestic workers who split their time across multiple households also face identical gaps in coverage.

    These non-standard workers, from ride-share drivers and musicians to artists, journalists and other media professionals, are often misclassified as independent contractors by employers seeking to avoid contributing to social protection, leaving them without basic access to sickness benefits, unemployment support, or retirement pensions. Contrary to the misconception that these workers are a small marginal group, Moore argued they are the actual backbone of Barbados’ modern economy. The gap between current labor patterns and outdated protection rules is widening every year, she added, creating an immediate crisis for workers locked out of the system.

    Citing data from the 2022 17th Actuarial Review of the NIS, Moore confirmed that roughly 30 percent of Barbados’ employed population works in the informal sector, and fewer than 20 percent of self-employed workers were actively enrolled in the national insurance scheme at the time of the review. Beyond leaving workers vulnerable, she warned, this low enrollment puts unsustainable strain on the NIS fund, and inaction could eventually lead to the fund’s collapse.

    By bringing non-standard workers into mandatory coverage, Moore explained, the scheme would expand its contribution base, strengthening long-term fund sustainability and securing more stable pensions for all enrollees. “Widening the contribution base must be seen as the most sustainable path to NIS solvency,” she said.

    Addressing anticipated pushback that the new framework would place an unfair financial burden on small businesses and low-income workers, Moore pushed back, arguing that the real burden is the status quo. Under the current system, she explained, compliant employers and workers already carry the cost of entities that evade their contribution obligations. For workers themselves, she added, the cost of being unprotected far outweighs any perceived cost of participation: “They pay it when they get sick and have to be at home with no income… they pay it when they reach old age and realise they have nothing to fall back on except the discretion of the system. Portable benefits do not add a burden; they end the burden of workers carrying every crisis on their own.”

    To support the new framework, Moore called for investment in a modern digital infrastructure capable of tracking small, frequent contribution transactions in real time, moving away from the current system that relies on monthly reporting tied to traditional employer payrolls. She also proposed the creation of a tripartite technical implementation committee chaired by an independent senior actuary to oversee the design and rollout of the new framework, with an ambitious target to launch the system by November 30, 2026 — timed as an anniversary gift to the nation marking five years of Barbados as a republic.

    Moore framed the proposal as the next chapter in Barbados’ national development, drawing parallels to the original launch of the NIS as a foundational nation-building project in 1967, and the 2021 transition to a republic as a declaration that sovereignty rests with the people. “Now in 2026, this resolution is asking this Parliament of Barbados to make a third declaration: that every worker belongs to the social contract,” she said. “If fairness is radical, then let us get radical.”

    Ultimately, the resolution aims to guarantee that no Barbadian worker will reach retirement after decades of work to find they have no accumulated benefits to rely on, sending a clear message that every worker in the country is seen, valued, and entitled to the protection of the social contract.

  • ABEC Says Voters Without Renewed ID Cards Can Still Vote Today

    ABEC Says Voters Without Renewed ID Cards Can Still Vote Today

    On election day across Antigua and Barbuda, the Antigua and Barbuda Electoral Commission (ABEC) has introduced a flexible last-minute measure to ensure no eligible voter is locked out of the democratic process, even if they failed to renew or replace their official voter identification cards ahead of the poll.

    Appearing on Pointe TV’s Thursday morning broadcast, ABEC Public Relations Officer Elisa Graham moved to ease widespread anxiety among affected voters, confirming that there remains a clear pathway for them to exercise their constitutional right to vote.

    Under the newly outlined special protocol, any voter without a valid, up-to-date voter ID can visit any active registration unit across the country – which will operate extended hours from 6:00 a.m. to 6:00 p.m. on election day – to initiate the replacement process immediately upon arrival. To complete the on-site procedure, voters only need to bring one passport-sized photograph and fill out the required official documentation. Once these steps are finalized, election officials will issue a temporary special identification card that grants the holder immediate access to cast their ballot at the polls.

    Graham detailed the dual function of this on-site process in an interview, noting: “So you’re facilitating two processes — starting the replacement process and being issued a special ID card to go out and exercise your franchise.” After the conclusion of election day, the commission will complete processing of the permanent replacement voter ID card, which can be collected by the voter at a later date.

    Graham stressed that the emergency accommodation was deliberately designed to remove unnecessary barriers to participation, ensuring every eligible citizen who wants to take part in the election can do so, regardless of missing the advance deadline for ID renewal or replacement. In additional guidance for voters, ABEC also urged those who had already submitted applications for replacement IDs but had not yet picked up their new cards to stop by registration units to collect their official documentation before traveling to their polling locations.

    This adaptive arrangement is a core component of ABEC’s broader strategy for the 202x election, balancing the dual goals of boosting maximum voter participation across the islands and upholding the strict integrity and security standards required for a free, fair, and credible electoral process, as voting continues throughout Antigua and Barbuda.

  • Immigration overhaul as workforce shrinks, ages

    Immigration overhaul as workforce shrinks, ages

    Facing a growing demographic crisis driven by shrinking birth rates, sustained population shrinkage, and an aging national workforce, Barbados has introduced sweeping updates to its immigration and citizenship legislation to shore up long-term economic stability. Home Affairs Minister Gregory Nicholls presented the amended Immigration and Citizenship bills to the country’s House of Assembly on Wednesday, framing the reforms as a urgent response to decades-long demographic shifts that have begun to erode the island nation’s economic standing.

    Nicholls outlined the gravity of the challenge facing Barbados, noting that decades of declining fertility rates, sustained out-migration of skilled workers, and stagnant population growth have pushed the country into a clear period of demographic contraction. A comparison of 60 to 70 years of population data reveals a stark reversal from steady growth to consistent decline, a trajectory that already threatens core government functions and national competitiveness, the minister argued. “This shrinking and ageing population threatens to undermine long-term GDP growth, our capacity to fund our pensions, our capacity to be able to deliver on our social services and also all the other services that the government provides,” Nicholls told lawmakers. “This erosion of the productive population threatens the nation’s competitiveness; it limits our ability to attract investment and be able to make good on all of the things that we want to say attracts people to Barbados.”

    With official growth targets enshrined in the country’s 2026 Barbados Economic Recovery and Transformation Programme at stake, the government has overhauled existing immigration and citizenship frameworks to expand access to residency, formalize longstanding uncodified administrative practices, and open new pathways for permanent residency for high-potential migrants. Many flexible residency and work permission arrangements have been used by immigration authorities for years, but existed only as informal administrative policies rather than formal statutory law. The new legislation codifies these practices, streamlines application processes, and extends protections to spouses and dependent family members of legal residents who previously fell outside formal eligibility requirements, strengthening family stability for people already residing in Barbados.

    A centerpiece of the reform is the expansion of permanent residency eligibility, which now explicitly includes spouses of Barbadian citizens, financially independent retirees, and their dependents — including minor children and adult dependents with disabilities. Previously, many spouses of citizens were only eligible for temporary visitor status, creating unnecessary strain on cross-border families. The legislation also eliminates the outdated “immigrant” categorization and introduces a first-of-its-kind merit-based points assessment system for permanent residency applicants.

    Under the new merit-based framework, applicants earn points across eight key criteria: age, Barbadian ancestral lineage, educational attainment, professional skills, work experience, available financial resources, and senior diplomatic or international public service experience. Applicants must reach a 10-point threshold to qualify for permanent residency. Nicholls explained that the targeted system is designed to counter the ongoing brain drain of skilled Barbadian workers who have relocated abroad, by attracting skilled new migrants to strengthen the domestic labor market.

    Beyond addressing labor gaps, the reforms are crafted to position Barbados as a leading regional hub for global investment and innovation. By formalizing flexible residency pathways for entrepreneurs and skilled workers, the government aims to draw in foreign business founders who bring new technologies and commercial activity to the island, building a competitive advantage over other regional and hemispheric economies. “The bills before the chamber today, provide that legislative framework to strengthen the nation’s competitive edge in the global marketplace, which is key in attracting valuable human capital, also attracting investment, which can also promote innovation by the use of the introduction of technology from people who come to set up businesses here,” Nicholls said. “Barbados becomes a leader to attract investment of a kind and a nature in this era that other countries in the region and even in the wider hemisphere are not attracting.”

    The reforms also bring Barbados’ immigration framework into alignment with its existing regional and international commitments. The legislation codifies commitments made under the Revised Treaty of Chaguaramas, which enables free movement for citizens of other Caribbean nations, and aligns with the terms of Barbados’ economic partnership agreement with the European Union. Nicholls emphasized that the updates modernize the country’s immigration system and reinforce Barbados’ reputation as a forward-looking, integrated player in global and regional affairs.

    Following its introduction on Wednesday, the Immigration Bill has been referred to parliament’s joint select committee on economic policy for further review and amendment before a final vote.

  • Commonwealth Observers Deployed Across Antigua and Barbuda Ahead of Election

    Commonwealth Observers Deployed Across Antigua and Barbuda Ahead of Election

    As Antigua and Barbuda prepares to hold its nationally awaited general election this Thursday, international oversight has officially kicked into gear, with Commonwealth observer teams spreading out across the twin-island nation to vet pre-voting preparations. The mission is designed to uphold transparency and cement the credibility of the democratic process, one of the core mandates of the Commonwealth’s electoral observation work.

    Heading up the deployment is Pelonomi Venson-Moitoi, Botswana’s former Minister of Foreign Affairs, who occupies the role of Chairperson for the Commonwealth Observer Group. Under her leadership, members of the mission have been traversing every region of Antigua and Barbuda, conducting on-site checks at both polling stations and vote counting centres to gauge how ready these facilities are for the April 30 ballot.

    This Commonwealth deployment is not an isolated effort. It forms a key component of a wider international observation initiative, with all participating teams mandated to evaluate whether pre-election conditions and the upcoming conduct of the poll align with globally accepted democratic standards. Over the course of their pre-election work, observers are focusing on a range of critical areas: from the logistical arrangements that will allow voting to run smoothly, to whether all stakeholders are adhering to national electoral laws, and the overall political and social environment in which citizens will cast their ballots.

    Beyond assessment, the presence of independent observers serves a broader purpose: boosting public trust among Antigua and Barbuda’s electorate that the process will be fair and free of manipulation. Once voting is completed, the mission will compile its full observations, identify any strengths or shortcomings in the process, and publish a detailed post-election report laying out its findings.

    The outcome of this general election will shape the next half decade of governance in Antigua and Barbuda, as voters head to the polls to select the country’s next governing body. Given the nation’s position in the Caribbean and its ties to the Commonwealth and other international blocs, the vote is drawing close attention from both domestic stakeholders and the international community as a whole.

  • Persvrijheid wereldwijd op laagste niveau in 25 jaar, Suriname onder druk

    Persvrijheid wereldwijd op laagste niveau in 25 jaar, Suriname onder druk

    Global press freedom has fallen to its lowest level in 25 years, leading press freedom non-governmental organization Reporters Without Borders (RSF) has warned in its annual World Press Freedom Index, which ranks 180 countries across the world on conditions for independent journalism. For the first time since the index launched in 2002, more than half of all ranked nations fall into the “difficult” or “very serious” categories for press freedom, marking an alarming global shift that sees journalism increasingly labeled as a criminal act.

    Northern European nations continue to dominate the top of the 2026 rankings, with Norway, the Netherlands and Estonia claiming the first three positions. France ranks 25th, earning a “satisfactory” rating, while the United States drops seven places to 64th, a ranking categorized as “problematic”—a decline that RSF ties to the political shifts since Donald Trump took office as U.S. president.

    Across the Caribbean and South American region, press freedom conditions vary widely, with growing challenges for many local media outlets. Suriname falls to 34th place, down from 28th two years ago and 32nd last year, categorized as a nation with “moderate” press freedom but facing clear ongoing threats. Journalists in Suriname regularly face pressure and intimidation, particularly when reporting critically on political activity and government corruption. Recent legal actions against media outlets and reporters that hold public officials to account underscore how vulnerable independent press remains in the country. Neighboring Guyana ranks 73rd, grappling with frequent political interference in media operations and documented restrictions on press freedom. Reports of threats against independent journalists and attempts to censor media organizations, especially around election cycles and the exposure of political scandals, have severely restricted free information flow and open public debate in the country. While Barbados and Trinidad and Tobago rank far higher at 19th, delivering relatively better conditions for press, even these nations face growing concerns over journalist safety and pressure from political and corporate economic interests. In Jamaica and Haiti, journalists are regularly targeted with violence and intimidation, especially when investigating organized crime and systemic corruption. In Haiti, the unstable security situation and near-total lack of effective legal protection have left press freedom in an extremely precarious state.

    Globally, RSF highlights dramatic plunges in rankings for nations where political pressure on journalists has spiked. Argentina fell 11 places to 94th, while El Salvador has dropped a staggering 105 places since 2014 to land at 143rd, with both seeing rising political unrest and growing violence against members of the press. The NGO identifies Eastern Europe and the Middle East as the most dangerous regions globally for journalists. Russia ranks 172nd and Iran 177th, both placing among the bottom 10 countries on the index. Israel, ranked 116th, faces widespread criticism from RSF for repeated attacks on journalists operating in Gaza, the West Bank and Lebanon. Since October 2023, more than 220 journalists have been killed by Israeli military operations in Gaza, with at least 70 of those deaths occurring while journalists were on active duty, the organization confirms. RSF also notes that the Israeli military has become the world’s single largest killer of journalists this period.

    A core finding of the 2026 index is that more than 60 percent of all ranked countries—110 out of 180—criminalize journalists through a range of repressive tactics. These include widespread misuse of emergency legislation to restrict press activity and implement arbitrary limits on reporting. Prominent examples cited by RSF include India (157th), Egypt (169th), Georgia (135th), Turkey (163rd) and Hong Kong (140th).

    Anne Bocande, editor-in-chief of RSF, attributes the global collapse in press freedom to four overlapping factors: the rise of authoritarian governments, systemic political incompetence, capture of media and policy by unaccountable economic interests, and insufficient regulation of large online digital platforms. Bocande has called on democratic governments and global civil society to take far stronger action to end the criminalization of journalism, implementing robust legal protections for reporters and imposing meaningful sanctions on actors that target the press. “Current protection mechanisms are insufficient, international law is being undermined, and impunity for attacks on journalists is widespread,” Bocande warned. “Doing nothing is a form of consent. The spread of authoritarianism is not inevitable.”

  • Bowen: Team has stepped up to another level

    Bowen: Team has stepped up to another level

    After a turbulent opening to the 2024 West Indies Championship, Barbados Pride have defied early setbacks to punch their ticket to the tournament’s playoff round, with team management and leadership crediting the squad’s unwavering tenacity for their comeback.

    Last year’s tournament runners-up got off to a discouraging start, dropping their opening fixture to the Jamaica Scorpions in their three-match bilateral series. But the side bounced back in dramatic fashion: they secured a draw in the second encounter before delivering a dominant innings-and-11-run victory over the Scorpions at Kingston’s Sabina Park on Wednesday, a result that locked in their playoff berth.

    In an interview with local media outlet Barbados TODAY following the decisive win, team manager Colin Bowen explained that the squad never lost confidence even after their opening loss, maintaining strong team morale through the entire series. “Jamaica has produced some explosive opening partnerships across this tournament – they’ve notched two 200-run stands and another close to 100,” Bowen noted. “But in this decisive innings, we managed to remove their opening pair very early, which is exactly the strategy we’d banked on to break through their batting lineup.”

    While Barbados Pride’s batters have turned in consistent standout performances throughout the competition, Bowen emphasized that the bowling unit was the driving force behind the lopsided final win. He explained that playing surfaces at Jamaican venues have offered consistent, batting-friendly conditions throughout the championship, forcing bowlers to put in long, grueling shifts to gain an edge. It was only in an afternoon session on the final day of the third match that the pitch finally developed enough turn and bounce to let Barbados Pride’s bowlers take control, Bowen added, noting the surface reverted to its slow, docile state the following day.

    Up next, the side will travel to Antigua to face Trinidad and Tobago Red Force in a playoff clash on May 10, with the winner advancing to the championship final to take on defending champions Guyana Harpy Eagles. Though all other participating teams have already played a match in Antigua this tournament – giving them prior experience of the local playing surfaces – Bowen said the squad does not view this as a major disadvantage.

    “We don’t see that as a significant edge for our opponents,” he said. “We’ve always held the belief that no matter where we play, if we perform to the best of our abilities, we can get the result we want.” Bowen added that the squad has avoided any major injury concerns through the competition so far, with the team’s physiotherapist and trainer successfully managing minor muscle and joint issues. The week-long break before the playoff will be used to address any lingering discomforts and get the full squad fully fit for the knockout round.

    Team captain Kraigg Brathwaite echoed Bowen’s confidence, praising his players for their relentless effort and never-say-die attitude that turned the series around. “I’m incredibly proud of this group,” Brathwaite said. “We put in solid work starting from the second match, claiming first innings points even after Jamaica posted a huge total, and pulling off this win in the final game is a fantastic effort from everyone.”

  • Increase to 190 Polling Stations Delivers Faster, Smoother Voting — ABEC

    Increase to 190 Polling Stations Delivers Faster, Smoother Voting — ABEC

    Voting in Antigua and Barbuda’s latest election kicked off on a steady, trouble-free note on polling day, with administrative systems operating at high efficiency as registered electors made their way to polling stations across the two-island nation, according to senior electoral official Elisa Graham.

    Graham, who serves as the Public Relations Officer for the Antigua and Barbuda Electoral Commission (ABEC), shared the update during a morning interview on Pointe TV’s flagship current affairs program. She confirmed that the opening hours of voting proceeded entirely without disruption, and voiced steady confidence that the electoral process would maintain this orderly trajectory through to the final closing of polls.

    One key point Graham addressed was widespread public speculation that unusually short lines at polling locations might signal lower-than-expected voter turnout. She pushed back against this interpretation, clarifying that the compact queues are not a sign of low participation — they are the direct outcome of intentional administrative design to eliminate crowding.

    To cut down on wait times and keep voter movement flowing smoothly, ABEC expanded the total number of polling stations for this election to 190, a larger network than was available during the 2023 general election. This targeted expansion has allowed voters to check in, cast their ballot, and exit in far less time than in previous cycles, eliminating the need for the long lines that often mark major election days.

    Beyond outlining the operational design behind the day’s early success, Graham also highlighted remaining accommodations for voters who have not yet picked up replacement voter ID cards. Eligible voters who submitted applications for replacement identification can still collect their documents at designated registration units, with operating hours extended through the close of polls to accommodate last-minute needs.

    Graham used her public appearance to issue a renewed call to action for all eligible citizens of Antigua and Barbuda to exercise their democratic right by casting a ballot. “We want to encourage all eligible Antiguans and Barbudans to go out and exercise their franchise,” she emphasized, reinforcing the value of broad participation in the nation’s democratic process.

    The ABEC spokesperson also confirmed that the election is being overseen by independent international observers, as part of the nation’s commitment to electoral transparency. Observers from the Commonwealth, the Organization of American States (OAS), and the Caribbean Community (CARICOM) were all officially invited to monitor every stage of voting and ensure the process meets international standards for credibility.

    In her closing remarks, Graham reiterated core election day regulations that all voters are required to follow. Most notably, she reminded electors that they are prohibited from wearing political paraphernalia or any clothing branded with party logos or messaging when entering polling stations, a rule designed to maintain a neutral, non-intimidating environment for all voters.

    She wrapped up the interview by reiterating a call for continued peaceful participation across the day, urging all citizens to play their part in ensuring the election proceeds seamlessly and upholds its status as a credible expression of the public will.

  • PM Browne and Maria Browne cast their ballots

    PM Browne and Maria Browne cast their ballots

    On a busy polling day that marked a key milestone in the country’s democratic process, Prime Minister [Name] Browne and his wife Maria Browne joined thousands of eligible voters across the nation to cast their official ballots. The couple arrived at their assigned local polling station in the early morning, where they were greeted by election officials before moving through the standard voting procedures established by the country’s electoral commission.

    As sitting head of government, Prime Minister Browne’s participation in the vote underscores the foundational role of democratic participation in the nation’s political system. Speaking briefly to reporters after casting his ballot, Browne urged all registered citizens to make their voices heard by participating in the election, emphasizing that every vote carries equal weight in shaping the country’s next chapter of governance. The election, which is being contested by multiple political parties vying for control of parliament and the executive branch, has drawn widespread attention from both domestic observers and international monitoring groups focused on ensuring a free and fair electoral process.

    Maria Browne echoed her husband’s call for voter turnout, noting that civic participation is a shared responsibility for all eligible citizens that helps sustain the country’s democratic institutions. The couple’s appearance at the polls follows a weeks-long campaign season that saw candidates travel across the country debating policy priorities ranging from economic recovery and healthcare reform to climate action and education investment. With polling stations set to close later in the evening, vote counting is scheduled to begin immediately after, with preliminary results expected to start trickling in by midnight local time.

  • Over 900 candidates to sit Caribbean Examinations Council exams this year, says CXC Registrar.

    Over 900 candidates to sit Caribbean Examinations Council exams this year, says CXC Registrar.

    The annual Caribbean Examinations Council (CXC) testing window has officially kicked off across the region, with local examination officials confirming that more than 1,700 total candidates are registered to sit for this year’s battery of secondary and post-secondary assessments. Local Registrar Magalie Celestine shared details of the exam timeline and new testing initiatives, noting that the 2026 season got an early start on April 13 with music practical examinations, which have already wrapped up successfully.

    Currently, the next wave of practical and oral assessments is in progress: Physical Education and Sports practical tests, along with French and Spanish oral examinations, are being administered through April 30, according to Celestine. The main written exam portion of the season is scheduled to launch on May 4, falling this year on the May Day public holiday, and will follow a staggered end date. For students pursuing the Caribbean Secondary Education Certificate (CSEC), written exams will conclude on June 9, while candidates sitting for the Caribbean Advanced Proficiency Examination (CAPE) and the Caribbean Certificate of Secondary Level Competence (CCSLC) will continue their assessments through June 16, bringing the full six-week exam season to a close.

    Celestine reported that preparations have proceeded smoothly so far, with all 70 trained invigilators in place and 17 testing centers activated across the island to accommodate all registered candidates. Breakdowns of candidate numbers show 965 registered for CSEC, split between 743 school-based candidates and 222 private candidates. An additional 119 candidates are registered for CAPE, 641 for CCSLC, and all testing centers will also host GCE A-Level Cambridge Exams alongside CXC assessments, Celestine confirmed.

    The most notable addition to this year’s exam calendar is the launch of a first-of-its-kind pilot program for the Caribbean Targeted Education Certificate (CTEC), a new modular alternative to the traditional linear assessment model used for CSEC. Unlike the standard full-length linear exams, CTEC breaks subject syllabi into smaller, focused modules that reduce testing time per sitting.

    To illustrate the new structure, Celestine used the example of the CTEC Mathematics assessment: the full CSEC syllabus is split into three separate modules, and candidates sit a shortened version of each exam paper alongside traditional CSEC test-takers. Where standard CSEC Mathematics Paper 1 requires 60 multiple-choice questions completed over 90 minutes, CTEC candidates answer 20 questions in 30 minutes. Similarly, CTEC Paper 2 is trimmed to four structured questions to be completed in 50 minutes, compared to the longer traditional version.

    Fifty private candidates are registered for this inaugural CTEC pilot, marking the first time the modular assessment program has been rolled out anywhere in the Caribbean. Celestine noted that the pilot is the first step in a broader long-term plan to convert all 33 existing CSEC subjects to a modular format, which will eventually give all students the flexibility to choose between the traditional linear assessment pathway and the new modular CTEC option that better fits their learning pace and needs.

  • Central Bank outlines financing safety net for shocks, hurricanes

    Central Bank outlines financing safety net for shocks, hurricanes

    Barbados is gearing up to launch negotiations with the International Monetary Fund in the coming weeks on a new standby arrangement, a pre-approved financial buffer designed to deliver immediate access to funding when unexpected economic or climate shocks hit, the island nation’s central bank governor Dr. Kevin Greenidge has confirmed.

    This new step comes roughly one year after the Mia Mottley-led administration wrapped up its previous two IMF programs: the Extended Fund Facility (EFF) focused on medium-term economic structural reform and the Resilience and Sustainability Facility (RSF) aimed at long-term climate adaptation. After completing those initiatives last June, the government has repeatedly stated its goal of keeping the IMF “on speed dial” for rapid emergency support, a promise that is now moving into active negotiation.

    Speaking exclusively to local media outlet Barbados TODAY, Greenidge outlined that the formal discussions are scheduled to kick off between next week and the following week, with the parties set to hash out the specific parameters of the new agreement. Unlike the traditional, rigorous program structures of past IMF arrangements such as the EFF, this standby arrangement is framed as a proactive insurance policy rather than a bailout for existing economic instability, Greenidge explained.

    The core advantage of the pre-negotiated setup is the drastically reduced waiting period for accessing funds, he noted. In the event of an unexpected crisis such as a major hurricane – a constant risk for small Caribbean island states – a pre-approved arrangement would allow Barbados to access financing in days rather than the three to four months required for a new, from-scratch program. The framework will involve ongoing policy dialogue between Barbadian authorities and IMF teams, with minor self-set targets that, when met, earmark funds for the country to draw on immediately if a shock occurs.

    “This is part of a layered emergency funding strategy,” Greenidge emphasized, pointing to the multiple complementary buffers Barbados has built to respond to crises. In addition to the proposed IMF standby arrangement, the country can access rapid payouts from the Regional Catastrophe Fund, pre-allocated emergency bonds from the World Bank, and built-in deferral clauses in its climate debt agreements that allow the government to pause debt payments for one to two years to free up critical funding during emergencies. The overarching goal of the strategy is to secure immediate access to capital while minimizing outgoing government spending in the immediate aftermath of a crisis, so response and recovery efforts can launch without delay.

    The previous IMF programs, wrapped up in June 2023, concluded with the disbursement of a final $116 million loan tranche, marking the successful completion of Barbados’ Building Economic Resilience Transformation (BERT) 2.0 reform program. The prime first announced the “speed dial” plan for ongoing IMF engagement back in May 2023, ahead of the conclusion of BERT 2.0, saying that structural reform efforts would continue regardless of the end of the previous lending arrangements.

    Prime Minister Mottley has framed the next phase of national economic development, labeled BERT 3.0, around two core priorities: upgrading the country’s skills base and modernizing national governance structures. Addressing the skills gap, Mottley noted that while the government prioritizes hiring Barbadian nationals for all open positions, the country has repeatedly been forced to recruit skilled workers from overseas due to shortages in critical fields. This makes expanded skills development a central pillar of long-term economic growth, she said.

    Alongside the ongoing economic resilience work the standby arrangement supports, governance modernization will also be a core focus of the BERT 3.0 agenda, as Barbados works to become more agile, competitive and adaptable for the challenges of the 21st century, Mottley added. The central bank also confirmed that the country has recorded 20 consecutive quarters of economic expansion, with continued growth recorded in the first quarter of this year, demonstrating the success of past reform efforts and creating space to proactively build future shock buffers.