Barbados becomes a republic reception

The video features a speech by the Prime Minister of Barbados during a special occasion marking the 55th anniversary of independence and the transition to a parliamentary republic. The Prime Minister acknowledges the presence of His Royal Highness and announces the Builders of Barbados project, aimed at telling the stories of the nation's builders. The speech concludes with expressions of gratitude and a toast to Barbados.

Who was invited to raise a toast to the nation?

What occasion was being celebrated during the toast?

What project was announced during the speech?

What is the significance of the 'builders of Barbados' mentioned in the speech?

What was the speaker's sentiment towards the presence of His Royal Highness?