We expect private financial institutions to utilize the fund-provisioning measure, taking it as an opportunity to expand lending and investment to businesses that will contribute to raising productivity and creating new demand. Strengthening the foundations for economic growth is not necessarily limited to promoting technological revolution.
On behalf of the Management and staff of the Central Bank of Barbados, I am delighted to extend a warm Bajan welcome to all of you, as we recognise and celebrate the 50th anniversary of this Annual Monetary Studies Conference.