AGP Executive Report
Last update: 10 hours agoEconomic Outlook: Barbados grew 1.4% in the first nine months of 2026, down from 2.3% a year earlier, as tourism weakened and unemployment rose to 6.6%. The Central Bank has lowered its growth forecast for the year. Migration and Investment: Revised immigration and citizenship bills are before Parliament after committee recommendations. Lawmakers say Barbados must protect sovereignty while remaining attractive to investors and skilled workers. Digital Finance: BiMPay has processed 3.5 million transactions worth $6 billion since launching in June; around 60% of e-wallet users have linked the app to a bank or credit union account. Tourism Pipeline: Major hotel, conference and water-park projects are planned. Cruise arrivals are forecast to exceed 47,000 next summer and 90,000 in 2028, with MSC launching year-round sailings. Investment Promotion: Caribbean Export won UN recognition for attracting investment in the digital economy, including through its forum connecting regional projects with global investors.
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