BIBA is a not-for-profit private sector organisation that comprises companies involved in global business in Barbados, and companies that are otherwise strategically associated with this sector. The Barbados International Business Association was incorporated in November 1997. In 2020, it was rebranded as “BIBA, the Association for Global Business” to signal its embrace of all companies in Barbados, both domestic and international, who service global markets, and to align with Prime Minister Mottley's expressed goal to cement Barbados as a global business hub. BIBA has a current membership of over 130 companies primarily in banking and wealth management, insurance, life sciences and pharmaceuticals, logistics, and corporate services.