Efforts will be made to improve the system for capital replenishment in order to increase capital adequacy of financial institutions. In maintaining the order in financial industry, we shall follow the principle of segregating commercial banking from securities and trust businesses and close all unlicensed financial institutions.
In its 2014-15 Report Barbados ranks Number 55 in the world, and highest in the English speaking Caribbean. However, Barbados has not made commensurate progress in terms of labour productivity. We have seen increases in output for each unit of labour, in the past decade.