Barbados Targets 1,000 Jobs With New $600m Stimulus

With  BD$1.00 = US$0.50 , this package is equivalent to J$29.2B and here is what they plan do do.

“This new stimulus to the Barbados economy will forge additional economic activity and contribute to the reinvigoration of the construction sector, creating new jobs and growing the Barbados economy,” Finance and Economic Minister Chris Sinckler told Parliament as it debated the Estimates of Revenue and Expenditure for the financial year 2013 to 2014.

He further added:

“This is the type of stimulus we know that is sustainable. It creates more jobs and economic activity and ensure that business in Barbados flourish,” said Sinckler.

“Our hope is that these projects will create in excess of one thousand new jobs from this work during the construction phase and also other spin-offs,” he told legislators

 

Now I know readers are going to say ” Jamaica cannot afford a stimulus package at this time, because we have no money, which is true and I won’t argue with that.

Notice when you read the article there is no mention of things like ” bushing of streets side, drain cleaning etc”, all of which passes for job creation in a country where the literacy rate is less that 90%.

These are real infrastructural development projects and nothing like our best job creation program called JEEP.

The difference when you lead a country with a literacy rate of 99.8% and one of 89.8 % is most apparent.

 

http://jamaica-gleaner.com/gleaner/20130320/business/business4.html