The Bank

Objectives

The Central Bank of Barbados was established in May 1972. The objectives of the bank are:

• Promote macroeconomic stability through sound economic analysis, monetary policy formulation and influence on national economic policies.

• Promote a stable financial system and contribute to the development of more efficient money, credit and capital markets.

• Provide efficient currency services and promote the enhancement of the efficiency of payment services.

• Develop an enhanced risk management framework, including business continuity planning.

• Improve operational efficiency through the use of cutting edge technology in a secure network environment.

• Transform and reengineer the Bank into a caring, team-oriented institution that is creative, emphasises analytical and critical thinking, adheres to its core values and achieves high levels of productivity.

• Further strengthen the processes for disseminating information within and outside of the Bank and work towards enhancing the Bank’s image.

• Enhance financial performance through proactive investment of resources and prudent spending.