Barbados Upgraded To ‘Largely Compliant' By OECD

Barbados has been upgraded to "largely compliant" by the Organisation for Economic Cooperation and Development (OECD).  As a result, the jurisdiction's chances of attracting major investments have significantly improved.

This is according to Minster of International Business, Hon. Donville Inniss, who recently led a local delegation to Paris for a meeting of the international committee's Global Forum.

Minister Inniss, who hailed the talks with the 126-member OECD Peer Group as successful, noted that there were specific challenges which had caused the country to be initially rated as "partially compliant." However, he acknowledged that certain modifications had since been implemented to remedy this.