The Barbados Institute of Management and Productivity (BIMAP) was officially opened by the Rt. Hon. E. W. Barrow, Prime Minister of Barbados on Tuesday, April 25, 1972. The formal opening came at the end of the first session of training programmes and the graduation of those participating in that first session was marked on that occasion.
BIMAP completed its first full year of operations, and fulfilled the expectations of all stakeholders.

Over the years, BIMAP has made a sound commitment to focus on delivering quality programmes and services to its clients. As the needs of members and clients continue to change, the Institute has designed and implemented new programmes to meet these needs. In 2008, BIMAP became a registered provider with the Barbados Accreditation Council and was subsequently granted programme approval for its programmes in 2014. The Institute is now in the candidacy stage of programme accreditation. 

From a very modest beginning in 1972, BIMAP has expanded its programmes and services to organisations, public and private, in the Caribbean region and as far abroad as Africa. This progress has been made possible by the on-going support of members, the Government of Barbados, a well trained staff complement, generous donations from international aid agencies and the prudent advice of the Board of Trustees and Advisory Council.

BIMAP has continued forming strategic partnerships with various organisations in Barbados and across the globe. In 2012, BIMAP partnered with the Laureate Group comprising the University of Liverpool in the UK, Walden University in the USA and the Glion University of Hospitality in Switzerland. At home in Barbados, BIMAP Signed a MOU with the Barbados Investment Development Corporation (BIDC) in 2014. BIMAP has also partnered with the Central Bank of Barbados, NCF and the All Stars Calypso tent to sponsor National events.

It became the National Association of Investment Companies in 1941. In 1940, company members included 68 mutual funds and 43 closed-end funds, and assets for the fund industry totaled $2.1 billion. The Hayford instituted its first public information program in 1943, published its first annual statistical summary in 1958, and held its first General Membership Meeting in 1959. Unit investment trusts were welcomed as Institute members in 1985. In 2015, the company celebrated the 75th anniversary of its founding and of the key legislation that gave rise to the modern fund industry.

They did not change a bit. It was and still is a distinct desire to deliver complex, 360° investment consulting services, that would fill any gap in any business’ daily, monthly and yearly operations. With that in mind, we continue to implement our expertise to help hundreds of companies! The Hayford enjoys all guarantees and concessions provided by the national and foreign investment codes in the shareholder countries. In particular, its assets are granted full mobility and freedom of expatriation and are immune against nationalization and expropriation.