Persaud’s plea

Domestic and foreign interests are eager to pump money into the Barbados economy but Government needs to ensure these investors are not choked by red tape.

Barbadian Avinash Persaud, who is Prime Minister Mia Amor Mottley’s special advisor on investment and finance, issued that warning as he sought to drum up business for the country.

“We have a long list of people who have expressed an interest in investing in Barbados and we need to facilitate and encourage those good investments. Our problem today is not drumming up new investments, it is how we can fast-track good investments,” the financial analyst told THE NATION in an interview from London.

“We have . . . to make sure that Government does not get in the way of good investments. Governments can slow things down, governments can just create obstacles that are insurmountable, and unfortunately good investments can be built in other places.” (SC)

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