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Boos supports IMF solution

Boos supports IMF solution

Barbados is paying dearly for its failure to turn to the International Monetary Fund (IMF) for help, respected financial expert Peter Boos has warned. Declaring that the Barbados economy is in crisis, Boos, who is chairman emeritus of Ernst & Young Caribbean, insists the island should not delay the inevitable any longer. “It is the […]

Time to sell

Time to sell

A regional financial solutions firm is predicting that Barbados may soon be forced to turn to the International Monetary Fund (IMF) for a bailout, and has urged investors to dispose of their investments in Barbados “now rather than later”. Jamaica Money Market Brokers (JMMB) Limited has also said the island could have a hard time […]

Speed up reforms, IMF economist warns

Speed up reforms, IMF economist warns

A senior economist with the International Monetary Fund (IMF) is sending a strong warning to Barbados that it must accelerate a number of critical structural reforms in order for there to be real economic growth in the medium to long term. Barbadian-born Dr Kevin Greenidge said while there had been transformation in some areas, it […]

What’s the alternative?

What’s the alternative?

Minister of Finance Chris Sinckler says despite “all the noise and chatter” he is yet to hear any credible alternative to Government’s much maligned fiscal consolidation programme. Addressing the opening of 37th Commonwealth Association of Tax Administration (CATA) annual conference Monday morning, Sinckler also warned critics of the Freundel Stuart administration that it was not enough […]

Much ado about nothing, says Arthur

Much ado about nothing, says Arthur

Former Prime Minister Owen Arthur is suggesting that the ruling Democratic Labour Party (DLP) and the Opposition Barbados Labour Party (BLP) have no reason to quarrel with each other over divestment of state enterprises, since history will show both political parties have practised it in the past. He explained that privatization was a major aspect […]

Wrong way

Wrong way

Don’t rule out privatization! This was the stern advice issued Wednesday by this country’s Chamber of Commerce and Industry (BCCI), as it reacted to the latest Central Bank report. President Eddie Abed said the report was further evidence that Government’s economic policies were clearly not working, while suggesting that expenditure cuts were the only way to […]

Government has run out of options – Arthur

Government has run out of options – Arthur

Government’s fiscal policy is inflicting damage on the country and the time has arrived for the Freundel Stuart administration to implement tough measures to stem the current tide of economic decline, according to former Prime Minister Owen Arthur. “Sometimes if you refrain from doing what you must do it inflicts more damage than doing the […]

Debt burden still a fiscal drag –– Forte

Debt burden still a fiscal drag –– Forte

No need for wild celebrations! That was the immediate reaction of an overseas-based Barbadian economic expert to the latest Central Bank of Barbados (CBB) report which predicts a revised 1.4 per cent growth in the economy for 2016, down from the previously forecasted 1.8 per cent. Senior economist in the Ministry of Finance in Ontario, […]

Falling growth

Falling growth

Government’s hopes of a near two per cent expansion in the Barbados economy this year are now all but dashed, based on the latest report issued today by Central Bank Governor Dr DeLisle Worrell. At the start of the year, Dr Worrell had set the bar at 1.8 per cent growth in Gross Domestic Product […]

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