Foreign direct investment (FDI) worth $367.3 million flowed into Barbados in the first half of the year.
This information comes from the Central Bank of Barbados, which says this represents a $109.9 increase in FDI when compared with the $257.4 million the country received in the first half last year and the $523 million for all of 2024.
The half-year economic report presented by Central Bank Governor Dr Kevin Greenidge recently noted that “foreign investment rose sharply, reflecting improved investor confidence and increased financing to both the public and private sectors”.
“These inflows helped to offset a widening current account deficit, which reflected higher merchandise imports, increased profit repatriation, and a marginal decline in corporation tax receipts from financial global business companies, even as travel receipts posted strong gains,” he said.
