New stimulus in Barbados

The government of Barbados says it intends to invest Bds $600 million (US$300million) as part of a new stimulus to improve the local economy and create at least 1,000 new jobs.

Finance and Economic Minister Chris Sinckler told Parliament recently “together when the BDS $355 million taken from this new stimulus package and the Bds $300 million from traditional estimates, we anticipate an injection of Bds $600 million in capital works spending.

“This new stimulus to the Barbados economy will forge additional economic activity and contribute to the reinvigoration of the construction sector, creating new jobs and growing the Barbados economy.”

Sinckler told Parliament that work is ready to begin on phase one of the cruise pier at the Bridgetown Port with full financing by July and providing for another $70 million in civil works over the next 12 months.

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