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Established October 1895 Health Minister volunteers to publicly receive COVID vaccine PAGE 3 Saturday December 5, 2020 $1 VAT Inclusive BARBADOS PAYS DEPOSIT ON COVID-19 VACCINE BARBADOS is one of the first countries to make a down payment of funds for the procurement of the COVID-19 vaccine. Pan American Health Organisation/World Health Organisation (PAHO/WHO) Representative to Barbados and Eastern Caribbean Countries, Dr.Yitades Gebre, disclosed this yesterday. He noted,“PAHO is preparing to procure COVID-19 vaccines on behalf of all PAHO interested Member States, including for Barbados, as part of its technical cooperation and country readi- ness and preparedness [initia- tive].” Dr Gebre was addressing the handover ceremony of a vehicle and medical supplies by the PAHO to the Ministry of Health and Wellness at the PAHO/ WHO’s headquarters. Speaking in greater detail on the sidelines of the event, Minister of Health and Wellness, Lt. Col. Jeffrey Bostic said the down payment made was $1.2 million. “[This] placed us within what is called the COVAX Facility, which is a partnership between PAHO, and utilising the PAHO Revolving Fund [for Access to Vaccines] – which is normally used for immunisations and other things, and also with [Caribbean Public Health Agency] CARPHA involved as well. What that does for us is to guarantee us in the first in- stance…vaccines for 20 per cent of the population.” PAHO/WHO Representative to Barbados and Eastern Caribbean Countries, Dr. Yitades Gebre (right), in conversation with Minister DOWN PAYMENT on Page 3 of Health and Wellness, Lt. Col. Jeffrey Bostic. Professor: Need to balance labour with automation SPEAKING on how automation Professor Acemoglu, an nations. He noted that this has a time where innovations are “companies and societies, via has drastically cut labour, elected fellow of the National caused a huge increase in in- plentiful, productivity still has government policies and social Institute Professor at MIT, Academy of Sciences, the equality between capital and not increased in major interna- norms, working towards a more Daron Acemoglu, said diversity Turkish Academy of Sciences, labour and between high- and tional countries in the Western diverse technological frame- must be the name of the the American Academy of Arts low-education workers, dispari- Hemisphere. work,” Acemoglu posited. game. and Sciences, the Econometric ties which have now been Insisting that the solution to He pointed out for example He made the comments yes- Society,the European Economic further deepened by COVID-19. increasing productivity is tech- that climate change highlights terday as the International Association, and the Society of He stated that the slowdown nological, he said there is no how important the develop- Monetary Fund (IMF) held its Labour Economists, presented of productivity is technological need for the future to be fully au- ments of technology is, as more sixth annual Richard Goode a lecture examining the impact in nature, as workers are often tomated, as there has to be a systems focused on renewable Lecture on the theme “Re- of technological change and replaced with machines, stress- way of balancing labour with energies are developed and making the Post-COVID World”. automation in industrialised ing that even though we are in automation.This can be done by created. 2 • Saturday December 5, 2020 The Barbados Advocate Bridgetown Port most improved THE Port of Bridgetown ing our performance and based on five Key has captured the 2020 efficiency. We have been Performance indicators Novaport Cup for Most working closely with our (KPIs): Total Cargo Improved Port partners to improve local Volumes; Total Revenue Performance, emerging logistics as well as the ex- Generated per Revenue the winner among nine re- perience of doing business Ton; Total Expenses per gional competing ports. at the Port as part of our Revenue Ton; Net profit The award was an- commitment to trade fa- per Revenue Ton and Total nounced during the 23rd cilitation enhancement. Staff per Revenue Ton. At Annual General Meeting This award not only con- the end of the process, of the Port Management firms our progress in these PMAC announces the port Association of the areas but also certifies achieving the best opera- Caribbean (PMAC), held that we have made signif- tional performance when virtually this year, on icant strides in improving compared to the previous November 24 and 25, productivity and manage- year. The Port of 2020. ment of resources to max- Bridgetown was outstand- Chief Executive Officer imize revenues. Of course, ing in three of these KPIs. of Barbados Port Inc. none of this could have BPI has previously won (BPI), Mr. David Jean- been achieved without our Novaport Cup awards in Marie, in commenting on employees and we are es- 2010, 2011 and 2015. the award, said “This ac- pecially proud and appre- The Novaport Cup will complishment for us vali- ciative of the efforts they be shipped from Florida to dates the progress we have extended over the Barbados and will be kept have made during the past year”, the CEO said. for one year before return past year in effecting ini- Each year, PMAC as- at the next PMAC Annual The Bridgetown Port. tiatives aimed at enhanc- sesses port performance General Meeting. Central Bank of Barbados Bill 2020 brings ‘certainty and order’ IN his presentation to the understanding that is the Lower House re- part of what we know as The new glow-in-the-dark coin. cently, Minister of the international finan- Labour, Social cial reporting standard, Partnership Relations that my understanding is Essential workers celebrated and the Third Sector, your understanding be- Colin Jordan said the cause the same standard Central Bank of is being used,” he said. Barbados Bill, 2020 Admitting he had not with new glow-in-the-dark coin “brought certainty seen the importance of and order” to the is- filling out balance of pay- THE Central Bank of food available, that we them: “When you go to the su- land’s economic activ- ment survey forms and Barbados has unveiled a could access the money we “When COVID-19 put permarket, the bank, ities. was in agreement with limited-edition glow-in- needed to purchase it, that paid to “We Gatherin’", the wherever you go and During the debate on penalties due to not re- the-dark circulation coin our island was clean, that Central Bank quickly you’re getting change, you the legislation, he pointed turning the information that is being issued as a the public was updated… recognised that there was will see the one dollar out the bill’s requirement when it was requested, he tribute to Barbados’ es- that all the services we a different category of painted coin in your that international finan- called on the Economic sential workers. The one- needed that could not be Barbadian, who by their change.” cial reporting standards Affairs and Investment dollar coin, on which the facilitated remotely con- diligence and sacrifice While most of the coins were adhered to, and in- Ministry to educate per- flying fish and waves are tinued efficiently so since the year opened, will be put into circula- sisted this was critical, es- sons on these matters. now painted blue, would Barbados could continue would now be even more tion, the Bank has spe- pecially during these “I think we need to do have gone into circulation to function.” deserving of that coin than cially packaged some of times, to bring a sense of more than just put the from December 1. The Governor said that anyone who might have them, which will be dis- uniformity to data. penalty on, and I am call- During a virtual event while the coins were not been targeted in the orig- tributed to essential work- “Those who read the fi- ing on the entire ministry to launch the coin, produced specifically for inal plans. I speak of our ers from different sectors. nancial statement of the to on an ongoing basis to Governor Cleviston this purpose, the Bank frontline workers.” Meanwhile, the public can Central Bank of educate our citizens and Haynes praised those nevertheless considered it In a video unveiling the get their own glow-in-the- Barbados must be com- business people on the Barbadians of all sectors a fitting way to honour es- coin, the Bank’s Deputy dark coins when they go fortable that when they importance of having the who continued to work as sential workers. Director of Currency, into circulation on see a categorisation of information that would usual during the nation- Prime Minister the Octavia Gibson, revealed Tuesday,December 1. She creditors or liquid assets allow for government and wide curfew: Honourable Mia Amor that the Central Bank of further urged everyone to or current liabilities or eq- policy makers to make “While we were under Mottley echoed the Barbados is the first one keep a coin as a fitting uities that that person’s good decisions. Good pol- lockdown, they were on Governor’s sentiments as in the region to issue a tribute to the many understanding of the icy cannot be made with- the frontlines keeping us she commended the painted, glow-in-the-dark Barbadians who served term is not some strange out good information,” he healthy, keeping us safe. Central Bank for using coin, and reiterated that during the peak of the cri- new definition, but that appealed. They made sure there was the coin to pay tribute to it will be in circulation. sis. The Barbados Advocate Saturday December 5, 2020 • 3 Still in planning stages Health DOWN PAYMENT from Page 1 He continued, “So that Minister is between 50 000 and 60 000 people in the first instance.

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