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Dr Kevin Greenidge, Governor of the Central Bank of Barbados, provided an upbeat assessment of the island’s economic progress recently as he addressed the Barbados Association of Insurance and Financial Advisors’ (BARAIFA) 2025 General Meeting on September 19.
His presentation entitled “Barbados’ Economic Journey: From Stabilisation to Growth to Transformation,” traced the country’s turnaround since the launch of the Barbados Economic Recovery and Transformation (BERT) programme in 2018.
Governor Greenidge highlighted steady fiscal surpluses, record reserves, and credit rating upgrades, while noting the additional reforms necessary to lift productivity and diversify exports.
He also pointed to the next phase of modernisation, including the rollout of BiMPay, the Bank’s instant payments platform, as part of efforts to build a more competitive, inclusive financial system.