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OFFICIAL GAZETTE
January 2, 2026
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Resolution No. 1/2026
Ref. No.: M.P. 5780/00 Vol. 1
PARLIAMENT
WHEREAS by virtue of section 2 of the Special Loans Act, Cap. 105, the Government is authorised from time to time to borrow from another government, any bank, corporation, company or other institutions sums of money not exceeding in the aggregate BBD2 500 000 000 on such terms as may be agreed upon between the Government and the lender of any such sum of money;
AND WHEREAS by section 3 of the said Act it is provided that any money borrowed under the authority of the Act shall be appropriated and applied to such purposes as Parliament may approve by resolution and that such money and any interest payable thereon is charged upon the general revenues and assets of Barbados;
AND WHEREAS the Government considers it necessary to borrow the sum of approximately BBD100 million from the OPEC Fund for International Development to finance the Program to Strengthen Social Services in Barbados II;
AND WHEREAS the sum of approximately BBD100 million is borrowed by way of two loans each of approximately BBD50 million from the OPEC Fund for International Development, on the terms and conditions contained in an Agreement, the main provisions of which are set out in the Schedule;
AND WHEREAS the sum of approximately BBD100 million borrowed from the OPEC Fund for International Development is within the authorised borrowing limit given to the Government under section 2 of the said Act;
BE IT RESOLVED therefore that Parliament approve the borrowing of the sum of approximately BBD100 million by way of two loans each of approximately BBD50 million from the OPEC Fund for International Development for the purpose of financing the Program to Strengthen Social Services in Barbados II on the terms and conditions contained in an Agreement, the main provisions of which are set out in the Schedule.
APPROVED by the House of Assembly this 9th day of December, Two Thousand and Twenty-Five.
A. HOLDER
Speaker.
APPROVED by the Senate this 15th day of December, Two Thousand and Twenty-Five.
R. FARLEY
President.
I assent
J. D. BOSTIC
President of Barbados
2026-01-02.
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OFFICIAL GAZETTE
January 2, 2026
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Resolution No. 1/2026 – Cont’d
SCHEDULE
TERMS AND CONDITIONS
LOAN 1
Borrower: Government of Barbados
Lender: OPEC Fund for International Development
Executing Agency: Ministry of Finance
Amount: BBD50 million
Grace period: 5 years
Term: 20 years
Interest rate: Fixed 3.0% per annum, payable semi-annually.
Commitment Fee: 0.25% on the undisbursed amount, accruing 60 days from the date of signature, payable within 90 days from the date of effectiveness.
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TERMS AND CONDITIONS
LOAN 2
Borrower: Government of Barbados
Lender: OPEC Fund for International Development
Executing Agency: Ministry of Finance
Amount: BBD50 million
Grace period: 5 years
Term: 20 years
Interest rate: Current indicative 4.75% (6-months SOFR currently 3.75% compounded in arrears +1.00% per annum) payable semi-annually.
Commitment Fee: 0.25% on the undisbursed amount, accruing 60 days from the date of signature, payable within 90 days from the date of effectiveness.
Front End Fee: 0.25% on the approved loan amount payable within 90 days of effectiveness. (BBD125 000)
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OFFICIAL GAZETTE
January 2, 2026
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Resolution No. 2/2026
Ref. No.: M.P. 5760/00/2 Vol. 1
PARLIAMENT
WHEREAS by virtue of section 2 of the Special Loans Act, Cap. 105, the Government is authorised from time to time to borrow from another government, any bank, corporation, company or other institution sums of money not exceeding in the aggregate BBD$2 500 000 000 on such terms as may be agreed upon between the Government and the lender of any such sum of money;
AND WHEREAS by section 3 of the said Act it is provided that any money borrowed under the authority of the Act shall be appropriated and applied to such purposes as Parliament may approve by resolution and that such money and any interest payable thereon is charged upon the general revenues and assets of Barbados;
AND WHEREAS the Government considers it necessary to borrow the sum of approximately BBD 313.6 million from China SINOPHARM International Corporation (SINOPHARMINTL) to finance, by way of two Deferred Payment Agreements, eighty per cent of the cost associated with the design and construction of
(a) one building with an Outpatient Clinic, a Patient Ward, a Burn Unit and a Laboratory Centre known as Queen Elizabeth Hospital Enmore Site Extension Lot 1 Project; and
(b) one building with an Oncology Centre, an Administration Office and outside works known as Queen Elizabeth Hospital Enmore Site Extension Lot 2 Project.
AND WHEREAS the said sum of approximately BBD 313.6 million is borrowed from China SINOPHARM International Corporation (SINOPHARMINTL) on the terms and conditions contained in two Deferred Payment Agreements, the main provisions of which are set out in the Schedule;
AND WHEREAS the said sum of approximately BBD 313.6 million is within the authorised borrowing limit given to the Government under section 2 of the said Act;
BE IT RESOLVED therefore that Parliament approve the borrowing of the sum of approximately BBD 313.6 million from China SINOPHARM International Corporation (SINOPHARMINTL) to finance eighty per cent of the cost associated with the design and construction of
(a) one building with an Outpatient Clinic, a Patient Ward, a Burn Unit and a Laboratory Centre known as Queen Elizabeth Hospital Enmore Site Extension Lot 1 Project; and
(b) one building with an Oncology Center, an Administration Office and outside works known as Queen Elizabeth Hospital Enmore Site Extension Lot 2 Project on the terms and conditions contained in two Deferred Payment Agreements, the main provisions of which are set out in the Schedule.
APPROVED by the House of Assembly this 9th day of December, Two Thousand and Twenty-Five.
A. HOLDER
Speaker.
APPROVED by the Senate this 15th day of December, Two Thousand and Twenty-Five.
R. FARLEY
President.
I assent
J. D. BOSTIC
President of Barbados
2026-01-02.
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OFFICIAL GAZETTE
January 2, 2026
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SCHEDULE
PART I
TERMS AND CONDITIONS
Lot 1 Project – Outpatient Building, Patient Ward, Burn Unit and Laboratory Centre
Borrower: Government of Barbados
Executing Agency: Ministry of Health and Wellness
Amount: BBD 195.9 million
Term: 14 years
Repayment: Twenty-two equal semi-annual instalments of BBD 8.90 million payable 10th February and 10th August from August, 2029.
Interest rate: 3.5% payable semi-annually payable 10th February and 10th August, commencing February, 2027.
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PART II
TERMS AND CONDITIONS
Lot 2 Project – Oncology Center, Administration Office and outside works
Borrower: Government of Barbados
Executing Agency: Ministry of Health and Wellness
Amount: BBD 196.1 million
Term: 14 years
Repayment: Twenty-two equal semi-annual instalments of BBD 8.91 million payable 10th February and 10th August from August, 2029.
Interest rate: 3.5% payable semi-annually payable 10th February and 10th August, commencing February, 2027.
Resolution No. 2/2026 – Concl’d
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Printed and Published by
the Barbados Government Printing Department
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S.I. 2026 No. 1
Miscellaneous Controls Act
CAP. 329
MISCELLANEOUS CONTROLS (CONTROL OF PRICES) (GENERAL)
(AMENDMENT) REGULATIONS, 2026
The Minister, in exercise of the powers conferred on him by section 3 of the Miscellaneous Controls Act, makes the following Regulations:
1. These Regulations may be cited as the Miscellaneous Controls (Control of Prices) (General) (Amendment) Regulations, 2026.
2. The Schedule to the Miscellaneous Controls (Control of Prices) (General) Regulations, 2015 (S.I. 2015 No. 76) is amended by deleting the following items:
“Diesel Fuel”
“Gasolene”
“Kerosene”; and
“Liquefied Petroleum Gas”
appearing in the first column of the Schedule under the Article “PETROLEUM PRODUCTS” and all the words appearing opposite thereto in the columns marked “WHOLESALE PRICE” and “RETAIL PRICE” and substituting therefor the items set out in the Schedule to these Regulations, together with the wholesale and retail prices set out in respect of those items.
3. These Regulations shall come into operation on the 5th day of January, 2026.
2nd January, 2026
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SCHEDULE
(Regulation 2)
ARTICLE — WHOLESALE PRICE (not greater than) — RETAIL PRICE (not greater than)
PETROLEUM PRODUCTS:
Diesel Fuel — $3.16337 per litre — $3.41 per litre
Gasolene — $3.58176 per litre — $3.88 per litre
Kerosene — $1.43092 per litre — $1.48 per litre
Liquefied Petroleum Gas —
$40.76 per cylinder containing 22 lbs.
$46.13 per cylinder containing 25 lbs.
$164.14 per cylinder containing 100 lbs.
Made by the Minister this 31st day of December, 2025.
L. CUMMINS
Minister responsible for Energy and Business
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S.I. 2026 No. 2
A PROCLAMATION
Child Protection Act, 2024 (Act 2024-17)
NOW THEREFORE by virtue of the power and authority in me vested, I hereby appoint the 2nd day of January, 2026 as the day on which the Act shall come into operation.
Given under my hand and the Public Seal of Barbados this 2nd day of January, 2026.
J. D. BOSTIC
President
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S.I. 2026 No. 3
A PROCLAMATION
Rights of Persons with Disabilities Act, 2025 (Act 2025-3)
NOW THEREFORE by virtue of the power and authority in me vested, I hereby appoint the 2nd day of January, 2026 as the day on which the Act shall come into operation.
Given under my hand and the Public Seal of Barbados this 2nd day of January, 2026.
J. D. BOSTIC
President
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S.I. 2026 No. 4
A PROCLAMATION
Social Empowerment Agency Act, 2025 (Act 2025-8)
NOW THEREFORE by virtue of the power and authority in me vested, I hereby appoint the 2nd day of January, 2026 as the day on which the Act shall come into operation.
Given under my hand and the Public Seal of Barbados this 2nd day of January, 2026.
J. D. BOSTIC
President
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