AGP Executive Report
Last update: 43 minutes agoDigital Finance: Barbados launched BiMPay, its national instant payments system, processing nearly BDS 8m across 20,000-plus transactions in the first two days, with the network linking banks, credit unions and government services. Central Banking Accountability: Central Bank Governor Dr Kevin Greenidge has apologised after earlier remarks about BiMPay’s development cost sparked public backlash; he later put phase-one spending at about $6.7m against a $10m budget. Regional Investment Push: Barbados hosted the inaugural Caribbean Economic Forum (CEF 2026), pitching investment across energy transition, water/ports/climate-resilient infrastructure, food systems and the blue economy. Climate Financing: Finance Minister Ryan Straughn says Barbados needs about $23bn by 2035 to deliver its climate agenda and is urging countries to adopt climate investment plans with proactive disaster clauses. Health & Business Impact: Government is calling for wider action on non-communicable diseases, noting NCDs drive 83% of adult deaths and strain the economy. Food Systems Capital: A UN-led forum in Barbados urged “capital-first” investment into resilient Caribbean food systems, aiming to unlock equity and patient capital. Tourism Workforce: Barbados’ Fairmont Southampton redevelopment has hired workers from 19 countries, including Barbados, Jamaica and Trinidad & Tobago. Banking Labour Watch: UNI Global Union called for urgent talks with Butterfield and CIBC Caribbean over their planned merger, warning of risks to banking workers.
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