The credit union sector is an excellent example of the way our financial system is adapting to the Barbadian reality, because it grows out of our tradition of thrift, self-reliance and cooperation. The development of our financial system needs to be seen in the context of the progress of the economy as a whole.
Barbados is poised to resume economic growth that is driven by the enterprise, vision, determination and persistence of Barbadians in all walks of life. We are clear about the way forward: it is based on expanding our foreign exchange activities: tourism, international business, and rum, our main foreign exchange earners, and alternative energy, which saves us foreign exchange.