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IDB advising country to diversify


IDB advising country to diversify
IDB President Mauricio Claver-Carone. (Internet image)

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The Inter-American Development Bank (IDB), which is considering a new $200 million loan for Government, is keen to see Barbados diversify the economy without reducing its strength as a leading tourism destination.

IDB chief of staff and chief strategy officer Jessica Bedoya sees an opportunity for Barbados to become a regional transshipment hub, to increase exports to new markets, and cash in on its highly-educated workforce to develop its digital and creative industries.

At the same time, IDB Group president Mauricio Claver-Carone, speaking on his first official visit to Barbados, stressed the need for Barbados to grow back stronger from the COVID-19 pandemic “in a sustainable and inclusive fashion”.

The two officials, along with vice-president for countries Richard Martinez Alvarado, met with Prime Minister Mia Amor Mottley yesterday before updating the media during a briefing at the IDB’s Barbados headquarters in Welches, Christ Church. (SC)


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