Barbados Can Be ‘Financial Services Centre For Excellence'

Yesterday, Hon Ronald Toppin, Minister of International Business and Industry, declared that his ministry has the goal of pushing Barbados to become a Financial Services Centre of excellence.

Minister Toppin made these comments during his overview of how the Ministry of International Business and Industry planned to spend the estimated budget allowance of just shy of $18 million ($17,846,845) for the year. Toppin contended that in order for Barbados to remain competitive on the international side of things, people need to want to do business with the island.

"If you are to remain competitive, you have to make it that people want to do business in Barbados and are comfortable in doing it. That they feel that their application to start business and the like can be done with efficiency and speed."