OPPOSITION LEADER Mia Mottley yesterday urged Government not to “collapse” Invest Barbados, the statutory corporation responsible for international investments.
Pointing out that she had heard there were plans to do so, Mottley argued that the international business sector (IBS) was too important to Barbados’ struggling economy to do away with Invest Barbados.
Speaking during debate in the House of Assembly to move the second reading of the Corporate and Trust Service Providers Bill 2015, Mottley said this would be a retrograde step.
“I heard there may plans to collapse it and I truly hope that this Government will not do that because we have already gone the route of having the BIDC [Barbados Investment and Development Corporation] responsible for investment for international business. It is not structured to do so. And in my view it would be a retrograde step at a time when the country most needs the international business sector to perform.” (MB)
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