Banks In Barbados

Barbados is an independent island nation located in the western Atlantic Ocean, just to the east of the Caribbean Sea, found at roughly 13° north of the Equator and 59° west of the Prime Meridian. Located relatively close to South America the nation of Barbados is around 434.5 kilometres (270 miles) northeast of the South American nation of VenezuelHistorically, the economy of Barbados had been dependent on sugarcane cultivation and related activities, but production in recent years has been diversified into the manufacturing and tourism sectors. Offshore finance and information services have become increasingly important foreign exchange earners, and there is also a healthy interest into the island`s light manufacturing sector. In the last ten years the Government has been seen as business-friendly and economically sound. Since the late 1990s the island has seen an increasing construction boom, the island began to see new hotels, redevelopments, new homes, office complexes, condominiums, and mansions being developed across the island.