$12 million BIDC hole
Article by March 16, 2021
Pay your rent, was the message Minister of International Business Ronald Toppin sent on Monday to delinquent tenants of the Barbados Investment & Development Corporation (BIDC), who owe the agency some $12 million.
The situation is now so bad that the BIDC’s acting Chief Executive Officer Dwaine Stuart told Parliament Monday it was “really hampering” the operations of the state agency.
The financial bind, in which the business development and export promotion agency finds itself, was outlined Monday during the first day of debate on the
Appropriation Bill – the Estimates Debate in the House of Assembly.