Upward onward: Bajan excellence 2030
Overview (continued)
Barbados Budget 2023/24 - Some observations
Mission Transformation (continued)
The Prime Minister pointed to the proposed establishment of a Barbados Blue-Green Bank, which has
generated interest from the Caribbean Development Bank, Inter-American Development Bank and the
International Monetary Fund, potentially injecting equity into the bank. The bank will assist with providing over
10,000 homes, financing of adaptation projects and other renewable energy initiatives. When established, the
Bank will have the capacity to finance $500m in loans.
In conclusion, the budgetary proposals are aimed at transforming Barbados to meet the demands of the
future and propelling the nation onto the world stage. It was a "call to arms" for all Barbadians to work
together and embrace a common goal for a better future.
This was a budget that took the form of a lofty vision of the future with stretching aspirational goals. Many of
these strategic goals will need to be further developed and detailed before moving to the implementation
phase, but isn't that the same for all bold ambitions - it all has to start with a dream of what the future could
be.
PwC | 2023/24 Budget review | Barbados
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