DOCSLIB.ORG

Country Document for Disaster Risk Reduction: Barbados, 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Country Document for Disaster Risk Reduction: Barbados, 2014 Country Document for Disaster Risk Reduction: Barbados, 2014 Country Document for Disaster Risk Reduction: 1 Barbados, 2014 Country Document for Disaster Risk Reduction: Barbados, 2014 Country Document for Disaster Risk Reduction: Barbados, 2014 December 2014 Department of Emergency Management (DEM) National coordination: Department of Emergency Management (DEM) Judy Thomas, Director Danielle Skeete, Programme Officer Regional coordination: United Nations Office for Disaster Risk Reduction Alexcia Cooke and Sandra Amlang Author: Danielle Evanson Design: Jeicos - Cover page designed based on design from Maria Camila Gracía Ruíz / Content pages designed based on the design from Orlando Isaac Dipp and Santiago Rivera (Country Document for Disaster Risk Reduction for Dominican Republic, 2012). This document covers humanitarian aid activities implemented with the financial assistance of the European Union. The views expressed herein should not be taken, in any way, to reflect the official opinion of the European Union, and the European Commission is not responsible for any use that may be made of the information it contains. ECHO UNISDR European Commission’s Humanitarian Aid United Nations Office for Disaster Risk and Civil Protection department Reduction Regional office for the Caribbean Regional office for the Americas Santo Domingo, República Dominicana Ciudad del Saber (Clayton), Panamá Email: [email protected] Email: [email protected] URL: http://www.eird.org/ URL: http://ec.europa.eu/echo/ http://www.unisdr.org/americas http://www.dipecholac.net/ Acknowldegements In supporting the consultative development of this document, the author would wish to recognise the valuable contributions of the following persons and organisations: Barbados Fire Service Terry Griffith, IT Officer Barbados Meteorological Service Sonia Nurse, Deputy Director Jonathan Platt, Technical Officer, Engineering and Barbados National Standards Institution Building (Standards) Caribbean Institute of Meteorology Shawn Boyce, Hydrologist and Hydrology Cédric Van Meerbeeck, PhD, Climatologist Lorna Inniss, PhD, Director (Ag) Coastal Zone Management Unit Kareem Sabir, Research Officer Kerry Hinds, Deputy Director Department of Emergency Management Danielle Skeete, Programme Officer (Ag) Margo Nicholls, Assistant Accountant Anthony Headley, Director (Ag) Ingrid Lavine, Deputy Director (Ag) Environmental Protection Department Ann-Marie Eversley, Senior Marine Protection Officer (Ag) Donna Gittens, Senior Marine Protection Officer (Ag) National Disabilities Unit Waple Brathwaite, Director (Ag) Barton Clarke, Chief Agricultural Officer Ministry of Agriculture, Food, Fisheries and Ralph Farnum, Deputy Chief Agricultural Officer Water Resource Management Charleston Lucas, Deputy Chief Agricultural Officer Denise Carter Taylor, Senior Health Promotion Officer Ministry of Health Denise Jordan, Surveillance Officer Nicole N. Alleyne, Chief Tourism Development Officer Ministry of Tourism and International Transport Shanise Taylor, Tourism Development Officer (Ag) Pan-American Health Organisation Lealou Reballos, Specialist, Disaster Risk Reduction Clifford Bostic, Deputy Chief Telecommunications Officer Telecommunications Unit Renee Evelyn, Senior Telecommunications Officer George Foster, Telecommunications Officer I Mark Cummins, Chief Town Planner Town and Country Development Planning Office Rudy Headley, Senior Town Planner (Ag) Theron Sealy, GIS Technician Country Document for Disaster Risk Reduction: III Barbados, 2014 Country Document for IV Disaster Risk Reduction: Barbados, 2014 Table of contents Executive Summary ................................................................................. XV Acronyms ......................................................................................... XXXIV 1 INTRODUCTION ................................................................................. 1 1.1 Purpose .................................................................................... 1 1.2 Objective and Scope ........................................................................ 2 1.3 Methodology ............................................................................... 2 2 INTERNATIONAL CONTEXT FOR DISASTER RISK REDUCTION ...................................... 5 3 NATIONAL CONTEXT ............................................................................ 11 3.1 Physical environment ....................................................................... 11 3.1.1 Geographic location .................................................................. 11 3.1.2 Geology and topography ............................................................. 11 3.1.3 Climate and hydrology. 11 3.2 Socioeconomic context ..................................................................... 12 3.2.1 Population and demographics ........................................................ 12 3.2.2 Economic growth and performance ................................................... 16 3.2.3 Poverty and unemployment .......................................................... 19 3.2.4 Most vulnerable groups .............................................................. 20 3.3 Governance structure ....................................................................... 24 3.3.1 Political structure and organisation ................................................... 24 3.3.2 Local government and levels of decentralisation ....................................... 24 3.3.3 Coordination mechanisms between State and non-State actors ........................ 24 3.4 Development context. 25 3.4.1 Human development. 25 3.4.2 National development objectives ..................................................... 28 4 LEGAL, NORMATIVE AND INSTITUTIONAL FRAMEWORK OF THE COUNTRY ........................ 31 4.1 Legal framework ............................................................................ 31 4.1.1 The Constitution ..................................................................... 31 4.1.2 Laws and legally binding provisions ................................................... 31 4.2 Regulatory Framework ...................................................................... 35 4.2.1 Regulatory instruments for policy and technical decision-making on DRR .............. 35 4.2.2 Public policy .......................................................................... 38 4.3 Institutional framework .................................................................... 40 4.3.1 Organisation of the national system and mechanisms at all levels ..................... 40 4.3.2 National plans and their implementation ............................................. 45 Summary ...................................................................................... 48 Country Document for Disaster Risk Reduction: V Barbados, 2014 5 THE STATE OF DISASTER RISK .................................................................... 51 5.1 Historic analysis of disasters ................................................................ 51 5.2 Hazard threats .............................................................................. 54 5.2.1 Of natural origin. 54 5.2.2 Of anthropogenic origin .............................................................. 64 5.2.3 Emergencies affecting health and livelihoods. 68 5.3 Vulnerability ................................................................................ 71 5.3.1 Analytical criteria and methodology .................................................. 71 5.3.2 Components ......................................................................... 72 5.3.3 Vulnerability analysis based on selected criteria ....................................... 73 5.4 Capacities .................................................................................. 85 5.4.1 Analytical criteria and methodology .................................................. 85 5.4.2 Institutional and coordination mapping ............................................... 114 5.4.3 Mapping of DRR programmes, initiatives and plans .................................... 115 5.4.4 Tool inventory ........................................................................ 118 5.5 Reduction of underlying risk factors ......................................................... 123 6 DISASTER RISK ANALYSIS ........................................................................ 131 6.1 Analytical criteria and methodology. 131 6.2 Definition of risk scenarios .................................................................. 133 6.3 Prioritisation of risk scenarios and areas for intervention ..................................... 134 7 STRATEGIC DIRECTIONS FOR DISASTER RISK REDUCTION ......................................... 139 8 RECOMMENDATIONS AND CONCLUSIONS. 145 References ......................................................................................... 153 Annex I: Stakeholder consultations .................................................................. 164 Annex II: EMAC Standing Committees ............................................................... 167 Annex III: Historical Hazard Impacts in Barbados. 170 Summary ....................................................................................... 170 DROUGHT ...................................................................................... 170 FLOOD .......................................................................................... 171 STORM ........................................................................................
Load more

Recommended publications
  • Belize), and Distribution in Yucatan
    University of Neuchâtel, Switzerland Institut of Zoology Ecology of the Black Catbird, Melanoptila glabrirostris, at Shipstern Nature Reserve (Belize), and distribution in Yucatan. J.Laesser Annick Morgenthaler May 2003 Master thesis supervised by Prof. Claude Mermod and Dr. Louis-Félix Bersier CONTENTS INTRODUCTION 1. Aim and description of the study 2. Geographic setting 2.1. Yucatan peninsula 2.2. Belize 2.3. Shipstern Nature Reserve 2.3.1. History and previous studies 2.3.2. Climate 2.3.3. Geology and soils 2.3.4. Vegetation 2.3.5. Fauna 3. The Black Catbird 3.1. Taxonomy 3.2. Description 3.3. Breeding 3.4. Ecology and biology 3.5. Distribution and threats 3.6. Current protection measures FIRST PART: BIOLOGY, HABITAT AND DENSITY AT SHIPSTERN 4. Materials and methods 4.1. Census 4.1.1. Territory mapping 4.1.2. Transect point-count 4.2. Sizing and ringing 4.3. Nest survey (from hide) 5. Results 5.1. Biology 5.1.1. Morphometry 5.1.2. Nesting 5.1.3. Diet 5.1.4. Competition and predation 5.2. Habitat use and population density 5.2.1. Population density 5.2.2. Habitat use 5.2.3. Banded individuals monitoring 5.2.4. Distribution through the Reserve 6. Discussion 6.1. Biology 6.2. Habitat use and population density SECOND PART: DISTRIBUTION AND HABITATS THROUGHOUT THE RANGE 7. Materials and methods 7.1. Data collection 7.2. Visit to others sites 8. Results 8.1. Data compilation 8.2. Visited places 8.2.1. Corozalito (south of Shipstern lagoon) 8.2.2.
    [Show full text]
  • A Study of Chlamydia Trachomatis: Sexual Risk Behaviour, Infection and Prevention in the Australian Defence Force
    A study of Chlamydia trachomatis: sexual risk behaviour, infection and prevention in the Australian Defence Force Stephen Mark Lambert Diploma of Teaching; Bachelor of Education; Masters in Public Health A thesis submitted for the degree of Doctor of Philosophy at The University of Queensland in 2014 School of Medicine I Abstract There is limited research in Australia focusing on C. trachomatis infection at a population level utilising systematic non-random recruitment methodologies. In addition, little is known in the Australian Defence Force (ADF) about the prevalence of C. trachomatis and of risk behaviours that may impact on sexual health. This study utilised an existing process in the ADF, the Annual Health Assessment, to source new information about C. trachomatis infection and about sexual risk and behaviour. The outcomes of this research may assist the ADF to maintain the health of personnel and consequently a high degree of operational preparedness, and may contribute to the understanding of C. trachomatis prevalence in Australia and across the world. The aims of this study were to determine the prevalence of C. trachomatis infection and to identify potential high risk populations in the ADF with a view to discussing secondary prevention interventions for the control of C. trachomatis infection within the ADF. Seven hundred and thirty-three ADF personnel were recruited into the study over a 24 month period. Participants were asked to complete an 8 page comprehensive survey about sexual behaviour and to provide a urine sample to be tested for C. trachomatis. Ethics approval was received from both the Australian Defence Human Research Ethics Committee and the University of Queensland Medical Research Ethics Committee.
    [Show full text]
  • Geographical and Historical Variation in Hurricanes Across the Yucatán Peninsula
    Chapter 27 Geographical and Historical Variation in Hurricanes Across the Yucatán Peninsula Emery R. Boose David R. Foster Audrey Barker Plotkin Brian Hall INTRODUCTION Disturbance is a continual though varying theme in the history of the Yucatán Peninsula. Ancient Maya civilizations cleared and modified much of the forested landscape for millennia, and then abruptly abandoned large areas nearly 1,000 years ago, allowing forests of native species to reestablish and mature (Turner 1974; Hodell, Curtis, and Brenner 1995). More recently, late twentieth century population growth has fueled a resurgence of land-use activity including logging, slash-and-burn agriculture, large mechanized agricultural projects, tourism, and urban expansion (Turner et al. 2001; Turner, Geoghegan, and Foster 2002). Throughout this lengthy history, fires have affected the region—ignited purposefully or accidentally by humans, and occasionally by lightning (Lundell 1940; Snook 1998). And, as indicated by ancient Maya records, historical accounts, and contemporary observations, intense winds associated with hurricanes have repeatedly damaged forests and human settlements (Wilson 1980; Morales 1993). Despite the generally acknowledged importance of natural and human disturbance in the Yucatán Peninsula, there has been little attempt to quantify This research was supported by grants from the National Aeronautics and Space Agency (Land Cover Land-Use Change Program), the National Science Foundation (DEB-9318552, DEB-9411975), and the A. W. Mellon Foundation, and is a contribution from the Harvard Forest Long-Term Ecological Research Program. 495 496 THE LOWLAND MAYA AREA the spatial and temporal distribution of this activity, or to interpret its relationship to modern vegetation patterns (cf. Lundell 1937, 1938; Cairns et al.
    [Show full text]
  • Revista 224.Indd
    U CARIBBEAn TROPICAL STORMS Ecological Implications for Pre-Hispanic and Contemporary Maya Subsistence on the Yucatan Peninsula Herman W. Konrad ABSTRACT The ecological stress factor of hurricanes is examined as a dimension of pre-Hispanic Maya adaptation to a tropical forest habitat in the Yucatan peninsula. Pre-Hispanic, colonial and contemporary texts as well as climatic data from the Caribbean region support the thesis that the hurricane was an integral feature of the pre-Hispanic Maya cosmology and ecological paradigm. The author argues that destruction of forests by tropical storms and subsequent succession cycles mimic not only swidden —"slash- and-burn"— agriculture, but also slower, natural succession cycles. With varying degrees of success, flora and fauna adapt to periodic, radical ecosystem disruption in the most frequently hard-hit areas. While not ignoring more widely-discussed issues surrounding the longevity and decline of pre-Hispanic Maya civilization, such as political development, settlement patterns, migration, demographic stability, warfare and trade, the author suggests that effective adaptation to the ecological effects of tropical storms helped determine the success of pre-Hispanic Herman W. Konrad. university Maya subsistence strategies. of Calgary. Email: [email protected] gary.ca NÚMERO 224 • PRIMER TRIMESTRE DE 2003 • 99 Herman W. Konrad RESuMEn Los efectos ecológicos causados por los huracanes se analizan en el contexto de la adaptación de los mayas prehispánicos a la selva de la península de Yucatán. Textos prehispánicos, coloniales y contemporáneos, así como información climática sobre el Caribe en general, apoyan la hipótesis de que el huracán era un elemento central en la cosmovisión y el paradigma ecológico prehispánico.
    [Show full text]
  • The Hon. Mia Amor Mottley, Q.C., M.P. Prime Minister Minister of Finance, Economic Affairs and Investment Budgetary Proposals An
    The Hon. Mia Amor Mottley, Q.C., M.P. Prime Minister Minister of Finance, Economic Affairs and Investment Budgetary Proposals and Financial Statement, 2019 “STAY THE COURSE” March 20, 2019 Budgetary Proposals and Financial Statement 2019 2 Stay The Course -The Arc of Stabilisation, Growth and Transformation Mr. Speaker Sir, Sunday coming will mark 10 months that we embarked on our journey The commitment Barbadians have shown to this trek knows no equal. In this critical passage of our history, the Social Partnership has played a vital role. We have committed to a voyage for love of country and we must see it through. We must stay the course. Much progress has been made. Important points along the way have been seen and passed. The IMF’s approval of the Barbados Economic Recovery and Transformation Plan; the domestic debt restructuring and a budget surplus. But, trust me, everyone knows we cannot rebuild in 10 months what they destroyed in 10 years. And even as we embark on this path, we have been beset by some major challenges, led of course by the issue of gun-related violence. It is a scourge we will not ignore or tolerate and we have already begun taking steps to counter. We must and we will do all in our power to save your young people. And the international background today has made the task harder than ever before. Brexit has curbed the enthusiasm for travel from our largest source market. The OECD has forced us to abandon a 30-year old separation of tax rates between international and local business.
    [Show full text]
  • Hurricanes of 1955 Gordon E
    DECEMBEB1955 MONTHLY WEATHER REVIEW 315 HURRICANES OF 1955 GORDON E. DUNN, WALTER R. DAVIS, AND PAUL L. MOORE Weather Bureau Offrce, Miami, Fla. 1. GENERAL SUMMARY grouping i,n theirpaths. Thethree hurricanes entering the United States all crossed the North Carolina coast There were 13 tropical storms in 1955, (fig. 9), of which within a 6-week period and three more crossed the Mexican 10 attained hurricane force, a number known to have been coast within 150 miles of Tampico within a period of 25 exceeded only once before when 11 hurricanes were re- days. corded in 1950. This compares with a normal of about The hurricane season of 1955 was the most disastrous 9.2 tropical storms and 5 of hurricane intensity. In con- in history and for the second consecutive year broke all trast to 1954, no hurricanes crossed the coastline north of previous records for damage. Hurricane Diane was Cape Hatteras andno hurricane winds were reported north undoubtedly the greatest natural catastrophe in the his- of that point. No tropical storm of hurricane intensity tory of the United Statesand earned the unenviable affected any portion of the United States coastline along distinction of “the first billion dollar hurricane”. While the Gulf of Mexico or in Florida for the second consecutive the WeatherBureau has conservatively estimated the year. Only one hurricane has affected Florida since 1950 direct damage from Diane at between $700,000,000 and and it was of little consequence. However, similar hurri- $800,000,000, indirect losses of wages, business earnings, cane-free periods have occurred before.
    [Show full text]
  • Early Puritanism in the Southern and Island Colonies
    Early Puritanism in the Southern and Island Colonies BY BABETTE M. LEVY Preface NE of the pleasant by-products of doing research O work is the realization of how generously help has been given when it was needed. The author owes much to many people who proved their interest in this attempt to see America's past a little more clearly. The Institute of Early American History and Culture gave two grants that enabled me to devote a sabbatical leave and a summer to direct searching of colony and church records. Librarians and archivists have been cooperative beyond the call of regular duty. Not a few scholars have read the study in whole or part to give me the benefit of their knowledge and judgment. I must mention among them Professor Josephine W, Bennett of the Hunter College English Department; Miss Madge McLain, formerly of the Hunter College Classics Department; the late Dr. William W. Rockwell, Librarian Emeritus of Union Theological Seminary, whose vast scholarship and his willingness to share it will remain with all who knew him as long as they have memories; Professor Matthew Spinka of the Hartford Theological Sem- inary; and my mother, who did not allow illness to keep her from listening attentively and critically as I read to her chapter after chapter. All students who are interested 7O AMERICAN ANTIQUARIAN SOCIETY in problems concerning the early churches along the Atlantic seaboard and the occupants of their pulpits are indebted to the labors of Dr. Frederick Lewis Weis and his invaluable compendiums on the clergymen and parishes of the various colonies.
    [Show full text]
  • Barbados 2020 Human Rights Report
    BARBADOS 2020 HUMAN RIGHTS REPORT EXECUTIVE SUMMARY Barbados is a parliamentary democracy led by Prime Minister Mia Mottley of the Barbados Labour Party. The Barbados Labour Party won all 30 parliamentary seats in the 2018 election. A former Barbados Labour Party member of Parliament became an independent in order to serve as the formal leader of the opposition. Queen Elizabeth II is the head of state and is represented by the governor general, who certifies all legislation on her behalf. The Royal Barbados Police Force is responsible for domestic law enforcement, including migration and border enforcement. The police and all other law enforcement agencies report to the attorney general. The Barbados Defence Force protects national security and may be called upon to maintain public order in times of crisis, emergency, or other specific needs. The defense force reports to the minister of defense and security. The law provides that the police may request defense force assistance with special joint patrols. Civilian authorities maintained effective control over the police and defense forces. There were no reports that the security forces committed any serious abuses. Significant human rights issues included: trafficking in persons, and the criminalization of consensual same-sex sexual conduct between adults. Authorities did not enforce the law on same-sex sexual conduct during the year. The government had mechanisms in place to identify and punish officials who may commit human rights abuses. Section 1. Respect for the Integrity of the Person, Including Freedom from: a. Arbitrary Deprivation of Life and Other Unlawful or Politically Motivated Killings There were no reports the government or its agents committed arbitrary or unlawful killings.
    [Show full text]
  • Bibliography Z-AEI0-0000-G31'0 CLASSI- N B
    AGENCY FOR INTERNATIONAL DEVELOPMENT FOR AID USE ONLY WASHINGTON. 0. C. 20523 f4// BIBLIOGRAPHIC INPUT SHEET V- 0 A. PRIMARY I.SUBJECT Bibliography Z-AEI0-0000-G31'0 CLASSI- N B. SECONDARY FICATIO Agriculture--Agricultural economics--Caribbean 2. TITLE AND SUBTITLE Agriculture in the economy of the Caribbean,a bibliography 3. AUTHOR(S) (101) Wis. Univ. Land Tenure Center. Library 4. DOCUMENT DATE 1S. NUMBER OF PAGES 6. ARC NUMBER 1974 1 87p. ARC 7. REFERENCE ORGANIZATION NAME AND ADDRESS Wis. 8. SUPPLEMENTARY NOTES (Sponsorlng Organlzatlons Publishers, Availability) (In Training & methods ser.,no.24) 9. ABSTRACT 10. CONTROL NUMBER I1. PRICE OF DOCUMENT PN-RAA- 890 12. DESCRIPTORS 13. PROJECT NUMBER Caribbean 14. CONTRACT NUMBER CSD-2263 211(d) 15. TYPE OF DOCUMENT AID 590-1 (4-74) Number 24 Training & Methods Series June 1974 U.S. ISSN 0084-0823 LAND TENURE CENTER Vtt Agriculture in the Economy of the Caribbean: A Bibliography University of Wisconsin-Madison 53706 Number 24 Training& ethods Series June 1974 AGRICULTURE IN THE ECONOlfY OF THE CARIBBLAN: A BIBLIOGRAPHY A bibliography of materials dealing with the Caribbean Area in the LAND TENURL CLNTER LIBRARY 434 Steenbock remorial Library University of Wisconsin Madison, Wisconsin 53706 Compiled by tue staff of the Land Tenure Center Library Teresa Anderson, Librarian June 1974 U1ALE OF CO1TENTS GEAgricul ture .. .. 1 Economy .. .... .... 5 2 Common Markets &Regidnal Integration . .... 7 Trade, Domestic & Foreign . .. ..... Politics & Government 8 Society ... ....... 8 . 10 WEST INDIES, BRITISH ...... 12 WEST INDIES, DUTCH . ... .......... 14 WEST INDIES, FRENCH . .......... .15 A.NTGUNGUILLA A .... ........... ... ......... 16 16 ANTIGUA o. ARUBA 0 .16 o oo.
    [Show full text]
  • Hurricane Hunters: Nine 'Brave' Aircraft That Need All Nine Lives
    50SKYSHADESImage not found or type unknown- aviation news HURRICANE HUNTERS: NINE 'BRAVE' AIRCRAFT THAT NEED ALL NINE LIVES News / Manufacturer Image not found or type unknown © 2015-2021 50SKYSHADES.COM — Reproduction, copying, or redistribution for commercial purposes is prohibited. 1 As the US East Coast bunkers down for a hurricane hammering, we look at aircraft used by US Air Force Special Operations and the National Oceanographic and Atmospheric Administration to fly directly into hurricanes to take the critical measurements that help predict where a storm is heading. The first time the US Army Air Corps flew an aircraft into a hurricane was in 1943. U-boat activity had forced US navy ships to go radio silent for much of the war, depriving US weather forecasters of a highly valuable source of weather data. Around that time, a big storm named Hurricane Surprise was moving into Texas. A couple of army air corps pilots got into a bet about whether they could fly a T-6 into the storm. One of the pilots took the bet, boarded a T-6 with a navigation officer and flew straight into the hurricane. He reached the eye and then flew back out and landed safely. The weather officer on the base asked the pilot to take him into the storm, so they flew back into it that day. Thus, the hurricane weather reconnaissance mission was born. 1. Northrop Grumman Global Hawk NASA’s Global Hawk has a fair amount of experience in this domain, having recently completed the NASA/NOAA Sensing Hazards with Operational Unmanned Technology – or SHOUT – programme at the end of September.
    [Show full text]
  • 1. Barbados Considers That a Generally Open Trade Policy Is Vital to Over
    Barbados WT/TPR/S/203 Page 11 II. TRADE POLICY REGIME: FRAMEWORK AND OBJECTIVES (1) OVERVIEW 1. Barbados considers that a generally open trade policy is vital to overcome the adverse effects of the small size of its economy, its restricted capacity to diversify risk, and limited institutional capacity. Barbados is an original Member of the WTO, within which it has advocated binding and enhancing special and differential treatment for developing countries and for the recognition of the special status and needs of small, vulnerable, developing economies. Barbados made commitments in the extended GATS negotiations on telecommunications, and has ratified the Fourth Protocol, but did not participate in the extended negotiations on financial services. It has never been involved in multilateral dispute settlement procedures, either as a defendant or complainant. Barbados has been the Caribbean representative in the WTO Aid for Trade Task Force. 2. Barbados formulates and implements its trade policy within the context of its participation in the Caribbean Community and Common Market (CARICOM). CARICOM is in the process of consolidating a single market and economy. Through its CARICOM membership, Barbados maintains preferential trade agreements with Colombia, Costa Rica, Cuba, the Dominican Republic, and Venezuela. Barbados's exports have also benefited from preferential market access under non- reciprocal preferential trade arrangements offered by a number of developed countries. 3. Barbados' investment regime is generally open to foreign investors; CARICOM citizens and companies are guaranteed the same treatment as domestic investors. Barbados maintains in force eight bilateral investment treaties offering national treatment to foreign investors. However, investment in activities such as certain ground transport and food retail services is reserved for locally domiciled enterprises, as are tour operators services.
    [Show full text]
  • Government of Barbados
    OFFERING CIRCULAR Government of Barbados US$65,000,000 6.625% Notes due 2035 Fully fungible and forming a single issue with the Government's US$125,000,000 6.625% Notes due 2035 The US$65,000,000 aggregate principal amount of 6.625% Notes due 2035 (the “Notes”) of the Government of Barbados (the “Government” or, unless the context otherwise requires, “Barbados”) offered by this offering circular are a further issuance of the Government’s US$125,000,000 6.625% Notes due 2035 originally issued on December 5, 2005 (the “existing notes”) and will be consolidated with, and form a single series with, such notes producing a series with an aggregate principal amount of US$190,000,000. The notes offered hereby and represented by an Unrestricted Global Note will have separate temporary CUSIP and ISIN numbers from the existing notes represented by an Unrestricted Global Note for 40 days from the issue date of the notes offered hereby, and, therefore, will not trade fungibly with the existing notes for the first 40 days after this issue date. Thereafter, the notes offered hereby and represented by an Unrestricted Global Note Certificate will trade under the same CUSIP and ISIN numbers as the existing notes represented by an Unrestricted Global Note Certificate and will trade fungibly with the existing notes. The Notes will mature and will be repaid at par on December 5, 2035. Interest on the Notes will be payable semi-annually in arrears in U.S. Dollars on June 5 and December 5 of each year, commencing on December 5, 2006, at a rate of 6.625% per annum, accruing from June 5, 2006.
    [Show full text]