Effective July 1 Barbadian consumers paid more money at the pump for gasoline and diesel. The retail price of gasoline moved from $3.60 BDS per litre to $3.96 an increase of 36 cents, or 10%. Diesel moved from $2.80 BDS per litre to $3.21 an increase of 41 cents, or 14.6% (Source: Barbados GIS).
Read More Barbados Fuel Price Change July 2018Full Press Release: Press Release No. 18/291 FOR IMMEDIATE RELEASE July 12, 2018 IMF Staff Concludes Visit to Barbados End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the…
Read More IMF Staff Issue Concluding Statement on Barbados Following July 2 to 12 2018 VisitThe new July 1 retail fuel prices are not adding up. Having read about them here and here, and having looked back at my own historical fuel price data, as well as the text of PM Mottley’s mini-budget speech, I will argue that something is not adding up, and here it is: The last fuel price change…
Read More Barbados Fuel Tax Takes Effect July 1, New Fuel Prices Do Not Add UpDr. DeLisle Worrell, former Governor of the Barbados Central Bank, has just circulated, via email, his latest article on how the retrenchment of public sector workers benefits the economy. The full article appears below (reprinted with permission). How the Retrenchment of Public Servants Benefits the Economy The proposed retrenchment of public sector workers, which is…
Read More Former Central Bank Governor on the Benefits of Public Sector RetrenchmentWARNING: This is a lengthy article, but if you care about your money, you should read it. iMarketsLive recently held events in Barbados and Trinidad. From what I understand the Barbados event had a huge attendance (several hundred, possibly thousands from what I remember hearing). This piqued my interest in iMarketsLive itself. Was this a…
Read More Is iMarketsLive A Scam?