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Date: 05 Oct, 2020
Source: Invest Barbados

BIBA, the Association for Global Business recently launched the newly rebranded Global Business Week (GBW) 2020 – Virtual Edition, formerly known as International Business Week. The launch was held via Zoom and highlighted the importance of the global business sector to Barbados’ growth and development. Stakeholders and the general public were also informed about the virtual activities that will be held during the week of October 25-31.

This year’s theme of ‘Adapt. Evolve. Execute… Lead the Change!’, was born out of an entire rebranding strategy, which in part emerged due to the widened scope of the sector and the way in which global businesses were forced to innovate amid the COVID-19 pandemic.
In delivering the featured address, Minister of International Business, Hon. Ronald Toppin concurred that Barbados had “to adapt, change, modify and diversify in order to remain viable, credible and relevant.” He emphasised, “The International Business and Financial services sector is more than capable of not only adaptation but also of the sustainability of that adaptation. Change is upon us and will always be – our response determines our success.”

Following a brief welcome from BIBA’s Executive Director, Ms. Carmel Haynes, President of the Association, Mr. Derrick Cummins delivered remarks and highlighted the resilience of the global business sector in the face of the pandemic. He lauded the Welcome Stamp initiative, “which has the potential to attract new global investors to our shores”, in addition to “… reinforce among Barbadians, especially young people, that world-class business can be conducted from here out to any part of the globe.” Cummins further noted that, “the ability of the global business sector to help stabilise Barbados, even in the most dire of times”, is what prompts them to celebrate the social and economic contributions through the hosting of the week of activities in collaboration with strategic partners.

BIBA’s strategic partners include Invest Barbados, the Ministry of International Business, the Central Bank of Barbados, the Ministry of Education, Corporate Affairs and Intellectual Property Office, the Immigration Department, Barbados Revenue Authority, the Financial Services Commission, and the University of the West Indies.