'Barbados' financial system remains resilient'

Central Bank warns of global threats despite resilient financial system - Barbados Today

Barbados’ financial system remains robust and well-capitalised, but faces mounting threats from global economic uncertainty, rising protectionism and climate risks, the Central Bank warned in its latest Financial Stability Report. Deputy Governor Alwyn Jordan launched the 2024 Financial Stability Report (FSR) during a roundtable panel of financial experts to discuss the findings of the 62-page document. In an overview of the report’s findings, J…

'Barbados' financial system remains resilient'

Barbados’ financial system remains resilient, underpinned by strong capital and liquidity buffers, despite heightened global and domestic risks. This is according to Deputy Governor of the Central Bank of Barbados, Alwyn Jordan. He adds that the country’s economic expansion continued in 2024, supported by robust credit growth and stable household and corporate balance sheets. Mr Jordan was delivering the 2024 Financial Stability Report, which al…