At least one Government minister does not believe this week’s triple point downgrade by Moody’s Investor’s Services has affected confidence of potential investors to the country.
And while stating that he was “not in the mood for Moody’s,” Minister of Industry, International Business Commerce and Small Industry Donville Inniss has assured Barbadians that investors still had renewed confidence in the island’s economic recovery.
Speaking to the news media last evening shortly before addressing a meeting to commemorate World Environment Day at Hilton Barbados, Inniss, who recently returned to the island from Canada where he spoke to several potential investors, insisted that he was not at all concerned over the downgrade.
“I can safely say to you that on the international business side there is a lot of interest in Barbados as a domicile for international business and financial services.
“As a matter of fact most of the law firms and accounting firms that I would have met with have experience in dealing with Barbados and they also have clients who are very keen to make Barbados part of their global structure,” the minister stated.
