Given this background, the Government, in collaboration with the private sector in each Caribbean country, needs to create the right environment for enterprise development to make a significant contribution to growth in the Caribbean. The retrenched staff in Barbados will then be able to access an enabling environment to foster their interest in becoming entrepreneurs.
SEASON’S GREETINGS to all our Readers! May your every wish come through.
Melissa Marchand, publisher of Global News Matters which produces the fortnightly Market Dynamics Caribbean newsletter, observed that: “This is the second time in four months S&P has lowered Barbados’ rating, this time from BB-plus to BB-minus, which is not a horrendous reduction, but we want to keep watching to see how the government responds to their new ratings and how their moves might affect business and individuals in the country and beyond.”