The population of Barbados in 2017 was 285,000 people, with the majority of the population living in urban areas such as Bridgetown. The economy of Barbados is heavily reliant on tourism and offshore banking, with a GDP of $5.2 billion and a moderate per capita income. Barbados is a member of the United Nations, Caribbean Community (CARICOM), Organization of American States (OAS) and Commonwealth of Nations, and has close ties to many countries throughout the Caribbean region as well as the United States. In terms of politics, Barbados is a constitutional monarchy with Queen Elizabeth II as its head of state. The Prime Minister is Mia Mottley who leads the Barbados Labour Party which has been in power since May 2018. See militarynous for Barbados military and defense.
Barbados. In February, the country’s governor, DeLisle Worrell, was fired. He was “freed from his duties” by Finance Minister Christopher Sinckler. According to analysts, it was Worrell’s criticism of the finance minister’s policy that led to the decision. The dismissed Governor of the Riksbank has, above all, criticized the government’s attempt to solve the country’s economic problems during the current recession by “printing money”. Finance Minister Sinckler later dismissed speculation that the national currency, the Barbadian dollar, would be devalued. See ABBREVIATIONFINDER for frequently used acronyms and abbreviations related to as well as country profile of Barbados.
In March, Barbados and China signed an agreement to abolish the visa requirement between the two countries. In the future, it will suffice to present a passport for the citizens of the countries to be able to enter the other country. In June, an agreement was signed between Barbados and the Inter-American Development Bank (IDB), based in Washington. Barbados will be allowed to borrow US $ 34 million to fund a project to increase the use of renewable energy and cleaner fuels.
According to Countryaah.com, Barbados was one of 17 countries and territories listed on the EU’s first “black list” of tax havens, published in December.