Todd: Govt going down right path
Government Senator Patrick Todd believes the Opposition Barbados Labour Party (BLP) is now “running scared”.
The Minister of State in the Prime Minister’s Office made the assertion during the just-concluded Estimates debate, which he said has given the public reason to believe in the ruling Democratic Labour Party (DLP) administration.
Speaking in the Senate, Todd said Government had managed to deliver a stimulus package without “going on the local market and borrowing money at expensive interest rates”.
He also said they had shunned lending agencies such as the International Monetary Fund (IMF) and had opted to instead utilize the services of the Inter-American Development Bank and the Caribbean Development Bank.
Todd insisted that this strategy avoided the “draconian measures” that the IMF would require, such as massive layoffs and devaluation.
“This is very, very exciting and I am saying that the Opposition is running scared because they know that we are on the right trajectory and that we have stabilized the economy and we are now moving towards sustained economic growth.
“These capital work programmes that we have identified will generate jobs, so it means that people will realize that the DLP is the party of choice and therefore the BLP is running scared, because they know that once these projects are executed we stand a very good chance of being re-elected when the bell is rung,” Todd insisted.
“That is why they are running hot and sweaty, [because] they know that we are on to good things. They were calling for a stimulus package and now we are executing it, they are just opposing for opposing sake. But this DLP will not have time for them. We are focused to bringing success and development to the people of Barbados.”
Todd said the measures would provide thousands of jobs for Barbadians in the future and showed that the DLP was “serious” about the continued development of Barbados. (RB)