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The Barbados Economy

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Banks look to mortgages for growth in flat market

By PATRICK HOYOS    Published August 11, 2010
“The banking system remained very liquid, with cash reserves at the equivalent of 7.5 percent of deposits, 2.5 percentage points above Central Bank requirements, Bank deposits rose marginally, while...
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Boyce and Central Bank differ on economic outlook

By PATRICK HOYOS    Published August 7, 2010
In his press conference last Thursday night, which was carried live on TV and radio, Minister of State in the Ministry of Finance Senator Darcy Boyce took a confident view of the country’s economic ...
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Policy differences said to be causing budget delay

By TONY BEST    Published July 13, 2010
A serious split has apparently surfaced between the government’s top financial and economic advisers over the future course of Barbados’ economic policy. ...
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Pieces of the pie: How imports into Barbados have changed in a decade

By PATRICK HOYOS    Published May 2, 2010
Looking at the highlights of Barbados’ retained imports for the past decade (2000-2009) some things you expected to be different are not, and vice versa. ...
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S&P maintains Barbados ratings, but only on Thompson’s commitment to lower deficit

By Patrick Hoyos    Published May 2, 2010
Standard & Poor’s Rating Service said on Friday, April 30 that it would maintain its Barbados credit ratings for the time being, with the expectation that the government would follow through wit...
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Arthur: Caribbean economy idle as “a painted ship upon a painted ocean”

By     Published April 26, 2010
The Rime of The Ancient Mariner, written by Samuel Taylor Coleridge and first published in 1798, came to Former Prime Minister Owen Arthur’s mind on Sunday evening as he described the Caribbean econ...
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Barbados Weathering the Economic Storm, Says Central Bank

By PATRICK HOYOS    Published April 13, 2010
The Barbados ship of state continued to weather the economic storm in the first quarter of the year, with no signal that the winds buffeting her sails were likely to lessen in the short term. However...
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Dr. Worrell to review first quarter economic performance next week

By     Published April 7, 2010
Governor of the Central Bank of Barbados Dr. DeLisle Worrell will host a news conference next Wednesday, April 14, 2010 to discuss the country’s economic performance for the first quarter of 2010. ...
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No surprise here: Tourism brought in nearly half of all Barbados’ foreign exchange revenue in 2008

By PATRICK HOYOS    Published April 7, 2010
Barbados’ foreign exchange earnings from tourism contributed the equivalent of Bds$2.34 billion to the country’s coffers in 2008, more than twice as much to total inflows as any other activity, th...
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