Conclusion I envisage further expansion in selected markets outside Barbados will likely become a key strategy for a number of the large domestic financial institutions. I expect in the near future that since Credit Unions in Barbados will begin to match commercial banks in the range and quality of the services provided and that they will become virtual replacements for indigenous commercial banks.
The deficits were easily financed through net capital inflows, which were sizeable enough not only to pay for the excess of imports over exports but also to build up South Africa's gold and foreign exchange holdings to a record level.