FDI Inflows Increase In Barbados, Reports UNCTAD

Barbados was among the few small developing island states (SIDS) and one of only three Caribbean islands to experience increased foreign direct investment (FDI) inflows to the jurisdiction in 2020, despite the global pandemic.

This is according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2021, which indicated that seven nations including Barbados, the Bahamas, Comoros, Grenada, the Marshall Islands, Palau, Samoa and São Tomé and Príncipe, were the least affected by the downturn caused by COVID-19.

The pandemic resulted in reduced FDI inflows globally and particularly in the Caribbean, which contracted 36% to US$ 1.4 billion. However, Barbados was able to increase its inflows by 22% to US$ 262 million during that period.