AGP Executive Report
Last update: 9 hours agoInvestment: Finance Minister Ryan Straughn said Barbados’ improved credit ratings are helping attract investors, despite rising construction costs and logistical hurdles. He spoke at the opening of the $60 million Fort Carlisle residences. Climate Finance: Barbados is urging climate funders to link resilience with development and local ownership. The Green Climate Fund has committed US$245 million to Barbadian projects, but fragmented project preparation across the Caribbean is holding back further investment. Sustainable Investment: A regional bond launched in Barbados aims to raise up to US$250 million for climate-resilient infrastructure, renewable energy, water systems and other projects. Tourism: Caribbean investors are being urged to develop higher-value attractions and strengthen links with local suppliers. The CTO’s new agenda also prioritises tourism infrastructure, workforce development and connections to agriculture and manufacturing. Innovation: Barbados is exploring commercial uses for microbes found in sargassum, including potential applications in biofuels and chemicals that could grow local biotechnology and advanced manufacturing. Small Business: Business Barbados and FundAccess have formalised cooperation to help entrepreneurs and small firms access support and grow.
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