Chief Executive Officer of Invest Barbados, Kaye-Anne Brathwaite
addressing the audience.
From left to right: UN Resident Coordinator (ad interim) for Barbados and the OECS, Cleveland Thomas, Senior Advisor- Investment Promotion with Caribbean Export, Suzette Hudson, Chief Executive Officer of Invest Barbados, Kaye-Anne Brathwaite, UNCTAD’s Economic Affairs Officer, Ian Richards, Consultant, Jannette Babb and Manager, Competitiveness and Export Promotion with Caribbean Export, Dr. Damie Sinanan
Online Guide for investors
Investors interested in doing business in Barbados now have an online platform where they can gain information about how to do this.
The Barbados iGuide website was launched yesterday during proceedings at the Invest Barbados headquarters. The website was designed by the United Nations Conference on Trade and Development (UNCTAD) and facilitated in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA).
Addressing the launch, Chief Executive Officer of Invest Barbados, Kaye-Anne Brathwaite stated the “site provides both local and foreign investors up-to-date and key information necessary to make investment decisions. Such information includes specific steps, legal and other requirements and costs for starting a business as well as information on investment opportunities and Barbados’ business environment.”
She further said the iGuide portal will complement the Invest Barbados website and the site will be updated by staff of Invest Barbados.
Brathwaite added that the agency is “confident that the launch of the Barbados iGuide site will augment the country’s efforts of making it easier for investors to do business in and with Barbados. We know that the iGuide represents best practice in provision of information to investors and we anticipate that the iGuide will be another tool that will help us to attract more foreign investment in line with our developmental needs. The website will widen our reach and put Barbados in front of global investors and business advisors who will consult UNCTAD’s portal while shortlisting potential locations.”
Also addressing the launch was UN Resident Coordinator (ad interim) for Barbados and the OECS, Cleveland Thomas. He said the UN sub-regional team in Barbados was “pleased to endorse the development of this online tool which in fact provides prospective investors with the requisite information needed to help them with their decisions to invest in Barbados.”
He described the launch as “very timely and strategic given Barbados’ historic hosting of the UNCTAD 15th conference, an occasion when the eyes of the world will be on this island very shortly.” He additionally stated the day’s launch is only the start, not the end of the process.
“Invest Barbados now has a tool to more easily promote Barbados’ opportunities and reforms, but this needs to be accompanied by additional efforts to improve the business environment. The digitalization of government is a good start and we stand ready to support Barbados in these efforts.”
Similarly endorsing the Barbados iGuide website was Senior Advisor – Investment Promotion with Caribbean Export, Suzette Hudson. She revealed that with funding from UNCTAD, CAIPA will be launching eight iGuide portals.
“We have launched some already in the Caribbean. Four portals were launched in St. Vincent & the Grenadines. St. Lucia, Curacao and Jamaica. We are currently developing the portal for St. Kitts and Nevis and we head to the Turks and Caicos Islands next week for consultations to develop the portal for that territory. With the launch of the portal here in Barbados, we are at seven of our eight and hopefully our next stop will be Trinidad and Tobago,” she added.(MG)