DLP SHIFT

Cabinet to meet on stimulus plan, reveals Estwick

Cabinet’s infrastructure committee could meet as early as next Friday to mull a new economic stimulus plan.

The initiative that is being piloted by chairman of the committee Dr David Estwick is fashioned after Japan’s, and aims to shift Government’s strategy for stimulating the economy from major projects to many small to medium-sized developments.

In making the announcement last night at the St James South branch meeting of the Democratic Labour Party, Dr Estwick said many of the large projects promised by Government had not come on stream as anticipated and it was time for a change.

He said preliminary discussions had already been held with Prime Minister Freundel Stuart on a stimulus.

Dr David Estwick
Dr David Estwick

“I’ve asked him to chair a meeting of the infrastructure committee – I’m hoping for Friday next week – so that we can sit down as a group and try to shift the strategy around, but I wanted him to do it as Prime Minister so that he would set the tone going forward, as to how we would resolve some of these issues,” he said.

“How many years [have] you been hearing of all the projects that were supposed to start? The start of those projects is not under our control. We’re depending upon persons coming into Barbados and putting their monies in Barbados, so we can’t control how fast they do it, we can’t control some of the other variables that may result in several of the projects that we were supposed to get of the ground in operation.”

Back in March 2013, the Democratic Labour Party proposed a $600 million economic stimulus, just one month after it rejected a $90 million package suggested by the Barbados Labour Party in its election campaign.

Some economists had been critical of the plan, saying that the country simply could not afford it.

Meantime, Estwick has predicted that, given the economic problems facing many European states, tourism-reliant Barbados could expect moderate to anemic growth for some time.

“My concern would be the impact, given that that is our major source market for tourism, that might have on the country in a few months to come if things don’t turn around,” he said.

The minister further contended that Barbados needed to become a trade and tourism transshipment hub.

He argued that Barbados had failed to take advantage of its geopolitical strength, noting that the island is strategically positioned to access markets in Latin America, South America and the United States.

“ . . . Transshipment in terms of the manufacturing capacity and it’s now easy [access] across the Caribbean Sea to all those various countries. The same is true in terms of tourist traffic,” the minister added.


carolwilliams
@barbadostoday.bb 

4 Responses to DLP SHIFT

  1. Tony Webster January 27, 2015 at 6:08 am

    Coulda, woulda, shoulda. The same-old; tired-old; tried-failed-and useless old; same useless “shuffle”.
    Dis “wind-up grammaphone” has wound-down, to pathetic attempts at “spin” (sorry)…it’s get up and go…has “gone” .
    All we need to do now, is to get rid of …de grammaphone…and consign it…to history.
    But waidaminit: Are grammaphones allowed to walk ‘cross hallowed floors? Will someone..somehow…wind-dem-up…again? Or a new iteration of bluster…bluff…hufff….and puff?
    Q.E.D. (that which is yet to be proven)

    Reply
  2. Baroness Brenda Browne January 27, 2015 at 9:45 am

    EPIC FAIL

    Reply
  3. CHARLES WORRELL January 27, 2015 at 2:00 pm

    Mr. Minister, you couldn’t be more correct. What is annoying however, is the sheer resistence we have seen by a set of policy makers who still think that our fortunes lies with the whims of the USA. As long as we continue to take a cloistered view of what Barbados is, we are going to find ourselves in the mess we have going. We have to shred the notion that we are not good enough nor have something special to offer.
    I have said time and again; Tourism will return to its vitality WHEN THE TOURIST CAN COME TO OUR SHORES (of the Caribbean as a whole) and ENJOY SOMETHING OTHER THAN WHAT HE IS ACCUSTOMED TO..AFTERALL, HE IS HERE FOR AN EXPERIENCE and when we allowed the North American hotel owners to dictate what the Visitor gets, we have destroyed that visitor’s vacation and rob him or her of the beauty of our Caribbean. We need to stop getting confused with the billionaire visitor that cares little about our countries (except what they can get out of them), and simply wants a trip away from home but still doing the same things..THESE DO NOT REPRESENT the TOURISTS.
    WHY don’t we exit interview some of our visitors; find out what they enjoyed on their trip; the food they ate; how they like our LOCAL DISHES (breadfruit/coucou/fish)..in other words, DID WE PROVIDE AN EXPERIENCE OTHER THAN WHAT THEY KNOW; WAS THE TRIP WORTHWHILE OR WAS IT JUST ANOTHER REMINDER THAT THEY WERE ONLY AWAY FROM WORK BUT STILL AT HOME?
    To ensure this works, WE have to play more important roles in the decision making and WHAT THE VISITOR gets to enjoy. THIS IS OUR COUNTRY AND WE KNOW BEST WHAT WE DO AND OFFER. THE HOTELS THEN, MUST BE COMFORMABLE TO THIS DIRECTION AND ONLY THOSE THAT ARE, WILL GET THE INCENTIVES. THIS is not to say that the culinary skills as demonstrated by our chefs are to be ignored BUT WE CAN HAVE THOSE SKILLS IN THE PREPARATION OF DISHES LOCAL TO THE CARIBBEAN. WE HAVE TO MARKET US AS A PEOPLE AND WE WILL DO THIS WHEN WE BELEIVE IN OURSELVES AND REJECT THE DRIVE THAT FORCES US TO THINK WHAT WE HAVE IS INFERIOR.
    YES, MR. ESTWICK, we HAVE TO move past waiting on these people to decide where we go; it is because of this that we cant get better negotiation deals but have to give away Barbados to being them here. We are bargaining from a position of WEAKNESS NOT STRENGTH.
    LASTLY, THIS MUST BE SAID; because so much has been allowed to go on in our country for so long UNCHECKED, IT IS GOING TO TAKE SOME SERIOUS BACKBONE TO FIX THIS. I remember saying to Mr. Thompson that what is required to bring Barbados back is BACKBONE and he was ready, but alas, he left to soon. THANKS ESTWICK FOR STAYING THE COURSE; GREAT THINKING REGARDING THE PRIME MINISTER AND HIS OBVIOUS ROLE; LETS GET BARBADOS BACK TO WHERE MANY MORE OF OUR PEOPLE CAN TRULY LOOK FORWARD TO HAVING THEIR COUNTRY BACK. OUR PRIDE HAS NOT WANED ONLY OUR DISGUST has become greater.

    Reply
  4. CHARLES WORRELL January 27, 2015 at 2:05 pm

    typo on lie two…pl forgive..get the gist ..that’s more important..lol

    Reply

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