AGP Executive Report
Last update: 2 hours agoBarbados Economy Watch: The Central Bank says growth cooled in the first half of 2026, with real GDP up 1.4% (down from 2% in the same period last year), as global uncertainty, higher rates and Middle East-linked oil and supply-chain pressures weigh on demand. Borrowing Push: Governor Kevin Greenidge urged Government to lock in financing on favourable terms sooner rather than later, warning borrowing costs could rise as conditions tighten. Payments Milestone: BIMPay has recorded one million transactions so far, with the Central Bank noting a lower rejection rate and encouraging more users to complete onboarding. Business Transparency Reform: A Beneficial Ownership Transparency Register Bill would tighten oversight by requiring disclosure of the real individuals who ultimately own or control companies, aiming to meet international anti-financial-crime standards. Counterfeit Alert: Police warn of counterfeit US currency in circulation and urge businesses and the public to check cash carefully during Crop Over and back-to-school shopping. Healthcare Funding: The Barbados Cancer Society is seeking a $600,000 automated breast ultrasound machine to cut screening wait times and improve detection for women with dense breast tissue. Regional Business Links: CariCham elected a new chair and Barbados will host the Caribbean Hospitality Industry Exchange Forum (CHIEF) in November, with AI and revenue growth on the agenda.
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