Now is the time to invest in Barbados, Central Bank Governor Dr Kevin Greenidge boasted to financiers at the Intra-African Free Trade 2023 yesterday.
He is part of a delegation attending the week-long trade exhibition, the continent’s largest trade and investment fair and networking event focused on solidifying the Intra-African trade and economic integration.
It is scheduled to end tomorrow and projections are for more than 1 600 exhibitors and 35 000 visitors and buyers to the sprawling Al Manara International Conference Centre and the Egypt International Exhibition Centre.
A major objective for Barbados was hosting the Barbados-Africa Investment Forum through Invest Barbados, with key speakers on the orange economy, tourism and the economy in a setting where host Afreximbank signed more than US$1 billion in deals on the third day of the fair.
“We want you to know from an investor’s perspective we have the foreign reserves. Our foreign reserves are at the highest level. We have almost eight months of foreign reserve cover – the international accepted standard is three months – so we have good buffers.
“All of this I’m saying is to show you that the economy is strong. Now is the time for investing in the Barbados economy,” Greenidge said in a presentation initially started by his sister Kay Greenidge, chief executive officer of Invest Barbados, after he was delayed in a meeting with Prime Minister Mia Amor Mottley. (AC)
