Barbados Delegation In Rwanda To Strengthen Ties

• Published date: 02 June 2022
• Subject Matter: Finance and Banking, Government, Public Sector, International Law, Financial Services, Inward/ Foreign Investment, International Trade & Investment
• Law Firm: Invest Barbados
• Author: Business Barbados

A delegation from Barbados led by the Trade Minister, Davidson Ishmael, are in Rwanda on knowledge exchange visit. The exploration focused on different areas, including tourism promotion and financial services.

The team was received by Clare Akamanzi, CEO of Rwanda Development Board (RDB).

The visiting delegation, which included Mark Hill, CEO of Barbados Investment and Development Corporation (BIDC) and Kaye Brathwaite, CEO of Invest Barbados, the national investment promotion agency, was invited to attend the upcoming Commonwealth Business Forum in Kigali from June 21-23.

After visiting RDB, the delegation will be meeting other officials from government and the private sector.

Rwanda and Barbados have recently embarked on a journey to strengthen bilateral ties that will provide opportunities for the people of both countries.

Barbados is the 52nd richest country in the world in terms of GDP (Gross Domestic Product) per capita, has a well-developed mixed economy, and a moderately high standard of living. According to the World Bank, Barbados is one of 83 high income economies in the world.

Traditional trading partners include Canada, the Caribbean Community (especially Trinidad and Tobago), the United Kingdom and the United States. Recent government administrations have continued efforts to reduce unemployment, encourage foreign direct investment, and privatise remaining state-owned enterprises.

About Barbados

Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of 432 km2 (167 sq mi) and has a population of about 287,000 (2019 estimate). Its capital and largest city is Bridgetown.

Inhabited by Kalinago people since the 13th century, and prior to that by other Amerindians, Spanish navigators took possession of Barbados in the late 15th century, claiming it for the Crown of Castile. It first appeared on a Spanish map...