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@David An economy in this state of recession needs the opposite to increased taxation. What government needs to do is discount its receivables like land tax arrears and get in cash. They increased land taxes I think 2 years ago based on no logic at all. What you think for example a building in town where no one goes to shop even in good times is worth today? Government needs a serious reality check in several areas. Look Friday I went to pay import duty at customs in the harbour. Line outside the building with one cashier working. I left there and went to pay my drivers license at Oistins. Line outside the building cross the walkway to the carpark. We got nuff post offices all over the island why the hell I can’t pay a drivers license at one of them? Then I heard a lady coming out mumbling ” after I wait so long all I get is the receipt cause they can’t give me the new plastic license cause dem ain’t got none.” I didn’t even get out the car and said to hel ....
Government keeping options open – Central Bank Governor Article by January 28, 2021 Even though the Mia Mottley administration borrowed close to a billion dollars last year from international financial institutions, Governor of the Central Bank of Barbados Cleviston Haynes has not ruled out Government seeking further budgetary support from those institutions as it continues to aim for a primary surplus. However, Governor Haynes explained that discussions with stakeholders would have to take place before such a decision could be taken. In addition, he explained that in the absence of adequate financing it would mean that Government policies would have to be tightened. ....
Share Throughout 2020, the Central Bank of Barbados was involved in a number of initiatives and activities both related to its core business of promoting economic, monetary, and financial stability; and more broadly to supporting and promoting the arts, education, and culture. This article, the third in a four-part series, looks back at some of the Bank s activities and initiatives over the past 12 months. Read parts one, two, and three here. In the final quarter of the year, the Central Bank of Barbados revealed the findings of a health check of Barbados financial sector, discussed the role of multilateralism with a finalist for head of the World Trade Organisation, and paid tribute to Barbados essential workers. ....