Barbados Growth and Development Strategy Draft Document 2013 – 2020

Posted on July 6, 2013 by David | 91 Comments

Thanks to Prodigal Son for keeping the BU family informed

Click link to view document - Barbados Growth and Development Strategy 2013 - 2020

Click link to view – Barbados Growth and Development Strategy 2013 – 2020

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91 responses to “Barbados Growth and Development Strategy Draft Document 2013 – 2020”

BAFBFP | July 7, 2013 at 3:41 PM |

Said like someone who is on his way out … 🙂
MoneyBrain | July 7, 2013 at 4:21 PM |

Baffy and Bushie,
Much to my immense horror wunna actually meking nuff sense here!

Now when I am forced into to such a position it amply explains the DIRE PREDICAMENT in which BIM is ensconced!

It is absolutely scary that these proposals are now seeing the light of day when many should have been implemented already. How did these AMATEURS get re-elected? The Dipper and Cammie mussa spininng like a combination of a Top and a Cruise missile trying to escape their graves!
Well Well. | July 7, 2013 at 4:36 PM |

I am wondering what happened to Alvin, he should be able to shed some light.
BAFBFP | July 7, 2013 at 4:40 PM |

Money
You always agreeing with me .. Wah shite you talkin’ …. HA HA HA.

Look, let’s talk about business travel. Every year millions of dollars are set aside for government and political administration personnel to travel on Government’s business. The Gov of the Central bank referred to the amount as inconsequential. Fine.

I propose that ONE HALF of that amount be allocated to those desirous in participating in Trade Missions where no fewer than four of these exercises be executed yearly to different destinations around the world.
David | July 7, 2013 at 4:55 PM |

@Prodigal Son

This is the problem in Barbados, the taxpayer is made to ‘beg’ for information which he/she has a right to. Let us hope by the time your party regains government some lessons would have been learned because Arthur was not very forthcoming to the media either.

In the document and Pat Hoyos mentioned it in his columnn today, forex reserves has likely slipped by 500 million or 13 weeks import cover. Not good!
Bush Tea | July 7, 2013 at 6:47 PM |

“……forex reserves has likely slipped by 500 million or 13 weeks import cover. Not good”
**********
Man David what forex what?!
Much of our forex is a result of loans that were negotiated for various nice-sounding causes…..like Alternative Energy projects;
Educational development projects; infrastructural development;
Arts and Cultural industries etc…..
..or the unsustainable sale of assets like the power company, BS&T etc…

You know the game…..
….a big splash with PR
….set up an ” office”
…pass a meaningless law or two…
….hire a friend to do a study
AND DRAW DOWN THE HARD CURRENCY LOAN….
….in six months everyone (except BU) forgets about the intended project and the loan is simply repayable by some future government….easy forex.

Now that we are largely restricted to borrowing from ourselves (NIS) in local currency the forex levels bound to fall. Why did you think the MOF was off to London begging recently?…..to see the bridge?

BTW
How much of the income from our tourism do you REALLY think contributes to our forex? Is most of it not paid directly into the accounts of the foreign owners UP FRONT?

Basically we have sold our stuff and have borrowed some $$ which we have put in the Canadian and TRICKIDADIAN banks……and we are making withdrawals daily so that we can maintain our important lifestyles, but we have been making very few deposits…
The only real question is …will the lenders precipitate our bankruptcy first?…..or will we get to spend till the last available cent before we have to sell ourselves for food and water…?
BAFBFP | July 7, 2013 at 6:58 PM |

Frankly why even concern yourself about publishing a document which in the main will NOT be read, in the breach is a tedious read, and given past experience is hardly likely to be followed upon.
David | July 8, 2013 at 12:45 PM |

Here we go again, another PAC stymied in a procedural quagmire. BLP, DLP what the hell is the difference. Bushie is absolutely correct.
The Dummy @ Dumo | July 8, 2013 at 5:40 PM |

David

The Chairman of the PAC is refusing to accept the legal advice of the Attorney General and Solicitor General that the PAC cannot and should not operate unless and until the Rules & Procedures of the PAC, as proposed by the Chairman, are consistent with the Standing Orders of Parliament and by extension, the Constitution.
David | July 8, 2013 at 6:29 PM |

@The Dummy

The public is fedup with the philabusting from both sides. The public may actually be sympathetic to MAM for trying to make the PAC effectual.
The Dummy @ Dumo | July 8, 2013 at 6:45 PM |

David
They maybe sympathetic MAM but that does take her anywhere in the near future. When the BLP was in power they used the same excuse, even went as far as to get Roger Forde QC and Hal Gollop to render a legal opinion as to why the Leader of the Opposition (David Thompson) could not make the PAC effectual until certain legal issues were resolved consistent with the Standing Orders and the Constitution.
The Dummy @ Dumo | July 8, 2013 at 6:47 PM |

David

Pre 2008 was MAM not a member of the PAC?
David | July 8, 2013 at 6:58 PM |

@The Dummy

Where do we draw a line and get on with doing the people’s business?
The Dummy @ Dumo | July 8, 2013 at 7:09 PM |

When the Parliament takes corrective action and passes legislation to make the PAC functional with the law and the Standing Orders
Observing(...) | July 8, 2013 at 7:38 PM |

@David
“BLP, DLP what the hell is the difference. Bushie is absolutely correct.”

Herein lies the problem. We’re not seeing the real problem.

Just Observing
David | July 9, 2013 at 12:14 PM |

In light of the downward revision of global growth how does this impact on Barbados forecast in the Barbados Development Growth document 2013-2020?

IMF Slashes Global Growth Forecasts
Matthew Boesler Jul. 9, 2013, 9:37 AM 626 3

flickr / Steve Snodgrass
The International Monetary Fund is out with its latest quarterly outlook for global GDP growth, and it contains several downward revisions to the estimates published by the Fund in April.

The IMF lowered its 2013 global GDP growth forecast to 3.1% from 3.3%.

2013 U.S. GDP growth estimates were revised down to 1.7% from 1.9%.

The IMF expects euro area GDP to contract 0.6% in 2013, downgraded from the previous estimate of a 0.3% contraction.

http://www.businessinsider.com/imf-slashes-global-growth-forecasts-2013-7
Bush Tea | July 9, 2013 at 12:38 PM |

In light of the downward revision of global growth how does this impact on Barbados forecast in the Barbados Development Growth document 2013-2020?
***********
You is something else – ya hear David!

What Barbados Development Growth document what?!?
You serious?!?

You must by now be familiar with these kind of papers presented by academics that read real sweet; gottin nuff big words; print REAL glossy, ….and says not one shoite….
This is just the latest one….
It’s purpose is to allow the government to claim that it is working on a plan (especially now that the Medium Term Fiscal thing has been exposed….) LOL….besides the consultants probably need another top-up by now…. 🙂

…as to the declining outlook for the global economy …..wait a while- you ain’t seen nothing yet.

Man David….
Bushie CANNOT understand what you fail to get about this “end game”. The iceberg HAS struck, the vessel is sinking. The glory days of full steam ahead are permanently behind us…..it will be gradual decline until that momentous sinking….

If Stuart was wise….he would commission a strategy entitled “Barbados Survival Strategies – A new look at BBE and available options”…
David | July 9, 2013 at 12:43 PM |

@Bushie

Heavy sarcasm to make the point that our success and growth is dependent not on words but many variables which are outside of our control. However, we have some variables which we do have control but which we belief are sacrosanct i.e. cannot be modified.
Piece Uh De Rock, Yeah Right!! | July 9, 2013 at 2:24 PM |

@David [BU]

Forgive me as i go a little leftside with this David

Right in front of us our semi-ignoramus governments, bend over, pull down their pants and grease their pooches for the impending rape and buggery.

In the midst of so little structural, economic and bilateral aid we have the Chinese reaching out on intelligence gathering missions, well advertised by CARICOM government counterparts, sending so called “film crews”, or in Bajan terms, flim crews, to do videos in Barbados!!

I will not mention our ingrunt MoT minister smiling with the ambassador and making announcements of the impending film crews.

Silently entering our country, all of them without any examination by Erine Griffith’s vigilant immigration staff or the Customs people, with two more suitcases than normal, no examinations of luggage, entering our country, and not leaving. Their 20ft containers are given the same carte blanche treatment. 20 ft arsenals. How many of you have seen what the Type 56 does?

Buying houses and constructing massive buildings, almost said barracks, with reinforced walls, specifically coloured roofs, self contained electrical supplies, always finished by their “internal” contractors.

We are doomed to repeat history’s mistakes, doomed while led by the Erine’s of this world, doomed small island developing states led by men like Sealy, bringing the proverbial Trojan Horse, into our Troy, incapable of seeing in plain daylight the signs of “the enemy within”

Say what you will about Castro or Chavez, they employed a wisened strategy of taking what they wanted from the imperialists while safeguarding the interests of their countries, but these are/were men of vision who recognised that sometimes you have to be dance with the nameless one, get what you want, and disengage.

Tell me, dollar for dollar, what has the PRC done for Barbados for the time that it has been here? Watch and learn.
Prodigal Son | July 9, 2013 at 2:34 PM |

I guess “Chantal” save us the horrible news expected from the Governor today!
Observing(...) | July 9, 2013 at 2:49 PM |

This is easily one of the most difficult documents I’ve ever had to read. 141 pages to say what we know.

A) the external environment isn’t improving
B) our revenues aren’t increasing
C) major investments aren’t incoming
D) cuts in expenditure need incurring
E) the MTFS didn’t work as implemented
F) see table 6 to understand what we are going to do but can’t actually and explicitly state for obvious political reasons.
G) see table 1 to understand how much external and central gov’t debt we racked up between 2008/2012.

Even in the face of “crisis” we can’t get blunt communication.

Must however commend the authors for delicately and deliberately wrapping the “bad news” in a lot of hifaluting, jargon spouting, forward projecting language.

Let’s hope the decisions that need to be made work and B’dos awakes from its slumber of comfort.

Observing
millertheanunnaki | July 9, 2013 at 3:39 PM |

@ Piece Uh De Rock, Yeah Right!! | July 9, 2013 at 2:24 PM |
“Tell me, dollar for dollar, what has the PRC done for Barbados for the time that it has been here? Watch and learn.”

Unless the ambassadorial arm of the PRC- primarily here to sell Chinese manufactured goods and as an escape valve for its burgeoning population especially those that have ran afoul of the regimented system like British criminals shipped in the old days to Barbados and later Australia- can justify its presence by investing in the Sugar Cane revitalization industry or “ac’s” much acclaimed ‘Lowe-down’ WTE plant we should just tell them to piss off.

Barbados has no natural resources like iron, copper, gold, oil, rare earth minerals or even large tracts of land to grow cereals or palm oil.
Why are they interested in Bim other than as a retail outlet for its manufactured trinkets and excess population?
MoneyBrain | July 9, 2013 at 3:55 PM |

The PRC just wants Bim to vote with them in the UN etc
june boy | July 9, 2013 at 4:44 PM |

I,ve realised that Barack’s Bds $80 million debt has been taken off the government’s backburner, however, it continues to climb, by the time the World Court, or some international court deals with it, We will have to pay out almost Bds $ one billion; up from $ 34 million. What a shame.
june boy | July 9, 2013 at 4:52 PM |

This government seems to be in a whirlwind spin. Just after the recent elections we heard of a bds $ 900 million stimulus plan ( remember this same gov,t rejected the other party’s suggestion of a 60 million dollar plan as unaffordable). Recently we now hear of a bds 400 .million dollar debt, yet now a few days ago we hear of buying Almond Beach Village
june boy | July 9, 2013 at 4:57 PM |

continued
Add this to the bds $400million dollar sugar factory that we are planning to build, at a time when sugar is on its way , plus a new cruise terminal. This government is playing with the minds of its citizens and something is going to explode
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