The 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 Up
Dr. 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 Retrenchment
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. Who is iMarketsLive and was this a potential scam in the making? In this post I will refrain from answering…Read More Is iMarketsLive A Scam?
Prime Minister Mia Mottley will be meeting with the President of the IDB (Inter-American Development Bank) next week. The IDB is the “main source of multilateral financing in Latin America. It provides solutions to development challenges and support in the key areas of the region.” (Source: IADB website). The PM recently met with the head…Read More MIA WATCH: Prime Minister Mottley to Meet with IDB President
Full Press Release: Press Release No. 18/239 FOR IMMEDIATE RELEASE June 15, 2018 IMF Staff Concludes Visit to Jamaica 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…Read More IMF Staff Issue Concluding Statement on Jamaica Following June 11 to 15 2018 Visit
The Creditor Section of the Barbados GIS website has been updated. The following is the full text of a documented dated June 8 but posted on June 11. Source Document Response to Initial Questions Submitted by Creditors 1. Has the government crafted a draft economic adjustment plan to present to the IMF? • The Government and…Read More MIA WATCH: Barbados Government Response to Initial Questions Submitted by Creditors
Watch Prime Minister Mia Mottley’s Mini-Budget (Source: BLP Facebook Page). Full Text (Source: Barbados Today) Key Points from Mini-Budget (Source: Nation Newspaper)Read More MIA WATCH: June 2018 Barbados Mini-Budget Statement by Prime Minister Mia Mottley