Barbados continues to maintain its high ranking on Transparency International’s Corruption Perceptions Index (CPI) for 2014. The CPI ranks countries and territories based on how corrupt their public service is perceived to be. Tying in 17th place out of 175 countries, with Hong Kong, Ireland and the United States of America, Barbados was also the only Caribbean country to score within the top 20.
Paramount to Barbados’ performance in the international arena, is its dedication to maintaining a conducive business environment for investors. Apart from being a well-regulated and transparent jurisdiction, the prime investment domicile has also scored favourably in a number of other international rankings.
The Global Competitiveness Report 2014 ranks Barbados as 14th out of 144 countries globally in ‘Soundness of Banks’, 24th in ‘FDI and Technology Transfer’ and 29th in ‘Availability of Latest Technologies’. This report assesses the competitiveness landscape of the featured countries’ economies and provides insight into the drivers of their productivity and prosperity.
These rankings, which are widely recognised by well-respected global bodies, independently confirm the strength of Barbados’ international business environment.