Use the latest browser recommended by Microsoft
Get speed, security and privacy with Microsoft Edge
Throughout 2020, the Central Bank of Barbados was involved in a number of initiatives and activities both related to its core business of promoting economic, monetary, and financial stability; and more broadly to supporting and promoting the arts, education, and culture.
This article, the third in a four-part series, looks back at some of the Bank’s activities and initiatives over the past 12 months. Read parts one, two, and three here.
In the final quarter of the year, the Central Bank of Barbados revealed the findings of a health check of Barbados’ financial sector, discussed the role of multilateralism with a finalist for head of the World Trade Organisation, and paid tribute to Barbados’ essential workers.
Following the publication of the 2019 Financial Stability Report, a joint effort between the Bank and the Financial Services Commission that examines the soundness of Barbados’ financial sector, the Bank produced a four-part series to breakdown the major findings. In interviews with the Bank’s Chief of Corporate Communications, Novaline Brewster, the Director of the Bank’s Research and Economic Analysis Department (READ) and the head of its financial stability unit gave an overview of the report; discussed the performance of the island’s commercial banks in 2019 and early 2020; revealed the findings of stress tests; and looked at the level of household debt in Barbados and how that could impact financial stability.