As financial institutions continue to grapple with the downturn in the economy, experts believe the only way to progress is through innovative and bold moves to stimulate the market and attract...
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B’dos could get EU funding
BRIDGETOWN—The European Union says it is willing to provide Bds$100 million to Barbados in grant funding. A statement issued following talks between Barbados and EU delegations, noted that the funds would become available once certain macro-economic and public finance criteria were fully met. It said Bds$65 million could become available to Barbados this year. The European Union last year released Bds$28 million for the Barbados Human Resource Development Programme, while another Bds$15 million was provided through the Barbados Renewable Energy Programme, all in the form of non-reimbursable grants. The EU delegation was led by Ambassador Mikael Barfod, while Finance and Economic Affairs Minister Chris Sinckler led the Barbados team. “The EU would like you to know that it could assist Barbados in leaving the present crisis behind,” Barfod told Sinckler.