Barbados must sharpen focus as a financial centre
BRIDGETOWN, Barbados - THE OFFSHORE SECTOR has always been major part of the financial employment generating and foreign exchange earning aspects of our economy, and along with tourism, it has helped to fill the breach created by the decline of sugar.
But the potential for that sector to do even more for the Barbadian economy can be gauged from the major input that it makes to the economies of The Bahamas, Singapore, The Channel Islands, Bermuda, The Virgin Islands and Britain itself which provides significant benefits to some persons who may live in Britain but are not domiciled there.
In a sentence, international financial planning is major business and major money, and many are the skills required for the proper financial planning that goes into the usual Treasury operations of most major international companies nowadays. Given the present state of international finance, our country needs to do everything in terms of training its people; studying the market and advertising our product availability in order to extract every legitimate advantage that we can from this important business avenue.
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