Ep. 25: Funding the Future

The COVID-19 pandemic has caused an unprecedented crisis for the Barbadian tourism industry and financial economy.

Could the newly announced Barbados Welcome Stamp initiative provide the necessary lifeline that traditional tourism once did?

We’re joined this week by founder of the initiative, social entrepreneur Peter Lawrence Thompson, and trade and business development specialist, Michelle Hustler to discuss the new work from home programme and other opportunities for growth in the Barbadian economy.

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Episode Time Stamps:
[00:00:00] Introduction from Kim Howard
[00:03:49] Interview with Peter Lawrence Thompson and Michelle Hustler
[00:05:26] Impact of COVID-19 on consultancies
[00:08:33] Economic life raft – the 12-month visa programme
[00:19:28] A reverse brain drain
[00:22:48] Our brother’s keeper
[00:25:32] Putting our money where our mouth is
[00:30:00] Closing comments

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Grantley Speaking - An Episode Glossary 

Trade in services - Trade in services records the value of services exchanged between residents and non-residents of an economy, including services provided through foreign affiliates established abroad. Trade in services drives the exchange of ideas, know-how and technology, although it is often restricted by barriers such as domestic regulations.  

Wunna Consultants - A blog committed to portraying Bajans in ways that improve how we think, and how we think of ourselves. This is where Peter’s blog post about the 12 month visa programme first appeared.

12 Month Visa Programme – This refers to the 12 Month Barbados Welcome Stamp. It is a remote work programme that establishes a visa to allow people to work remotely in Barbados for a maximum of 12 months. The visa is available to anyone who meets the visa requirements and whose work is location independent, whether individuals or families.

Remote Work Barbados - A concierge service for people who can work at their jobs remotely, and who wish to live in a sunny, friendly, low COVID environment.

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