Central Bank of Barbados Showing its Support for the Creative Industries

The Central Bank of Barbados is increasing its level of sponsorship of the National Cultural Foundation’s (NCF) Visual Arts and Craft: Season of Emancipation Exhibition Series (formerly the Crop Over Visual Arts Exhibition) from $55,000 to $80,000 per year. The increase was announced by the Bank’s Governor, Dr. Kevin Greenidge, during his remarks at the official launch of the exhibition.

Pointing to the Bank’s 30-year association with the exhibition, Governor Greenidge said that “this increase and our lengthy partnership on this expo signify our commitment to the festival and our support for the arts in Barbados. It also highlights our interest in and support for our communities outside of our core business.”

The Central Bank Governor noted that the Bank has been a champion of the arts, heritage and culture dating back to its earliest days and has shown its commitment through its museum, the Exchange Interactive Centre, its long-running Frank Collymore Literary Endowment Competition, and its extensive collection of artworks purchased from local artists.

He also indicated that the Bank would look for additional ways in which it could provide support, including using its facilities for further joint ventures.

Such support he revealed, is beneficial on multiple levels, including to the island’s economy.

“The arts are a part of the creative sector, which is critical to helping Barbados attain sustainable economic growth, building strong communities, and enriching our cultural experiences. We at the Bank shall play our part to maximise the country's returns from this industry.”