Barbados' Services Sector An Opportunity For Diversification

Barbados' Minister of Energy, Small Business and Entrepreneurship, Kerrrie Symonds, believes that the services sector presents future opportunities for diversification of the island's economy.

He emphasised this point recently while speaking during the Barbados Coalition of Service Industries' Fishbowl Conversation Series on Facebook live, where the topic for discussion was Services for Economic Resilience and Post-Pandemic Recovery.

Minister Symmonds reasoned that the renewable energy (RE) sector could be used more effectively to expand the services sector and build out a cadre of skilled nationals, as "renewable energy endeavours expanded across CARICOM states".

Noting that the tourism sector was "here to stay", he added: "The renewable energy sector allows for co-investment in other sectors, so that, for example, you can make agriculture a lot more competitive by way of bringing the RE and indeed the digital technology into the agricultural space, so that