Collaboration between Govt and private sector vital, says PM Stuart
Prime Minister Freundel Stuart sees a “firm, collaborative relationship” as the way forward for Government and the private sector.
The new Chairman of the Barbados Private Sector Association (BPSA) Charles Herbert recently paid Stuart a courtesy call at Ilaro Court during which the Prime Minister emphasized the private sector’s contribution to the economy, according to a release from the Barbados Government Information Service.
“While we have different roles to perform, there must be a symbiotic relationship because we really need each other and we have to work together,” the release quoted Stuart as telling Herbert.
The Prime Minister pointed out that the Social Partnership had provided the forum for Government and private sector to work together. “The Social Partnership is not an embalmed institution that cannot change its focus or character. In the same way Government has a vision for the society, I think the private sector has a vision for the country, and we have to look to see how we can move forward together,” he stressed.
He noted that the last eight years had been challenging and countries all over the world had to try to find relevant solutions. “There are difficult decisions to be made, high mountains to climb, and we have to make those decisions and climb those mountains. We have to mobilize our creative, innovative capacity to find solutions that do not compromise the quality of life or standard of living of the country,” he said.
In congratulating Herbert on his new designation, Stuart said the BPSA head’s position was a strategically important one which provided an opening for smooth interchange between the public and private sectors. He also said he looked forward to working closely with Herbert to tackle challenges faced by both sides.
For his part, Herbert described his role as a collaborative one, and said it was important for all members of the Social Partnership to “pull together”. During the wide-ranging discussions, he expressed the view that Barbadians’ appetite for foreign exchange was more than the country could sustain, and suggested that the situation must be dealt with urgently.