Daily Archives: July 17, 2014

Peter Boos: Barbados current economic state all about poor leadership, zero transparency and a painful business environment

Peter-Boos-Barbados

Financial guru Peter Boos lays it out short and not so sweet at Caribbean360.com.

Here’s a sample…

Why are we not doing better?

There are several structural key performance indicators on which we must all focus before the economy will grow sustainably:

  1. Demand competent leadership in all sectors. Leadership with integrity and a set of shared national values and goals that are inspirational for all and grounded in trustworthiness and competence.
  2. Create a business friendly environment that provides world class competitive business facilitation services. Doing business in Barbados today is painful.
  3. Implement and vastly improve transparency and accountability in Government. The 2012/13 Auditor General’s Report is essential reading and should be discussed publicly and acted on. Mismanagement of public funds is a serious disincentive to taxpayers to pay even more.
  4. Commence a debate on strategic National Governance Reform that eliminates patronage and corruption and engages the full skills base in Barbados on a non-partisan basis.
  5. Reform the Legal Justice System.

We continue to refer to ‘the global recession’ as an excuse for our depressed state. Most of our wounds are self-inflicted.

The solutions are totally within our control. Difficult decisions are needed. Leaders are needed.

Confidence will begin to be restored when we make serious credible efforts to address the five issues above.

… read the entire article at Caribbean360.com Stop blaming the global recession; Barbados’ wounds are self-inflicted

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Filed under Barbados, Corruption, Economy