A recent article in Latin American Markets Monitor predict “tough years ahead” for the banking system in Barbados given the rising level of non-performing loans and the expected weak economic recovery. I don’t subscribe to an overly pessimistic outlook for the banking system in Barbados. Though I agree that there could be challenging times ahead.
The credit structure has been remarkably improved, with support extended to over 31 million MSBs. Since the second quarter, China’s economy has been recovering month by month, and Consumer Price Index (CPI) registered a year-on-year increase of 1.7 percent in September.