Second, Barbados has strong institutions for decision making: our social partnership is the envy of countries worldwide; our economic information systems are the equal of many industrial countries; our media are knowledgeable; and we have a strong mechanism for putting policy into effect.
Thirdly, we have preserved the value of our dollar, protecting the value of people’s savings, and providing more predictable returns for investors. Fourthly, we have reserves which are more than sufficient to ride out the storm, as may be seen in Figure 2. With these resources we may confidently address the challenges, which are twofold.