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In 2018, the Central Bank of Barbados continued its longstanding tradition of not only being at the forefront of economic issues, but also of supporting and promoting non-economic activities, including the arts and education. This article, the second of a four-part series, looks back at some of the Bank’s activities and initiatives over the past 12 months. Read part one here.
In June, the Central Bank of Barbados welcomed 18 tertiary level students to its summer internship programme. The students, who are pursuing careers in a diverse range of areas, including economics, accounting, communications, facilities management and theatre arts, spent three months gaining professional experience in their anticipated fields.
The Bank chronicled the experiences of several of the interns in an online series “Learning on the Job.”
The Bank hosted the Domestic Financial Institutions Conference, a one-day forum for the financial sector, in June. One highlight of the conference was a keynote address on the topic “What Does Resiliency Mean and How Do You Build It?” which was delivered by Professor Avinash Persaud, in his capacity as Special Advisor to Dominica’s Prime Minister, Roosevelt Skerrit.
The 2017 Financial Stability Report, a collaboration between the Central Bank of Barbados and the Financial Services Commission was launched in the second quarter of the year. The 2017 edition of the report included an overview of Barbados’ macroeconomic situation as well as analyses of the six main sectors in Barbados’ financial system: commercial banks, insurance companies, credit unions, pension funds, mutual funds, and trust and finance companies.
The report also featured a section on credit card debt in Barbados.