Sinckler rejects Worrell’s IMF prescription

Minister of Finance Chris Sinckler says though the Barbados economy is definitely not well at the moment, he is yet to see the logic of those clamouring for Government to immediately put it into the hands of the International Monetary Fund (IMF).

In rejecting out of hand the economic prescription issued last week by the recently dismissed Governor of the Central Bank of Barbados Dr DeLisle Worrell, Sinckler warned on Sunday that even if the Freundel Stuart administration were to decide to go to the IMF tomorrow, it was unlikely that any tangible benefits would be realized from that move within the next six months.

And while at pains to point out that the economic problems the country was facing could not be fixed overnight, he further cautioned that a short term fix was more than desirable at this stage.

“We know the deficit is high, we know the Government is relying overly on the Central Bank, and that needs to be brought under a serious level of discipline and that we are going to do, but we have to do that in a responsible fashion,” Sinckler told reporters on the sidelines of his annual picnic at Bath, St John for senior citizens in his St Michael North West constituency.

“We didn’t get there overnight and I don’t think we are going to be able to unravel it overnight by the waving of a magic wand, or going and doing an IMF programme and so on.

“If we were to say, ‘let’s go to the IMF tomorrow’, it takes between six to eight months to negotiate and complete and have approved by an executive board at the IMF. But if you have an immediate problem that needs to be dealt with now you can’t wait six to eight months negotiating with anyone to get that done. And in any case, the IMF can say, ‘I want to see prior measures. Demonstrate to me that you are going to be serious about x, y or z.’

“It’s not as simplistic as people make it out to be. These are options, but governance is real time,” the Minister of Finance stressed.

STILL AT ODDS: Ex-Central Bank Governor Dr DeLisle Worrell and Minister of Finance Chris Sinckler.

However, Worrell is among leading economists who have been calling on Government to bite the bullet and get help from the Washington-based IMF “in designing the reform process to increase efficiency through the employment of higher levels of skill and the appropriate use of new technology, with no permanent diminution in the quality of public services”.

In the first of a series of personal economic letters issued last Tuesday, Worrell, who was fired by Sinckler back in February at the height of their bitter public disagreement over monetary and administrative policy, suggested that in addition to cutting the size of the public service, Government would be “well advised” to seek the assistance of the IMF “without delay” in a bid to safeguard the Barbados dollar.

Worrell’s call came against the backdrop of a worrying economic situation highlighted by dwindling foreign exchange reserves, which fell precariously from $1.4 billion in 2012 to $681 million by the end of last year. Government is also struggling to service its already high debt of over 100 per cent of gross domestic product that requires servicing to the tune of over $300 million annually and the ex-Governor is concerned that the situation will negatively affect Barbados’ currency.

However, while acknowledging that the economy is not yet out of the woods, Sinckler remains buoyed by the fact that it “continues to grow”.

And though very dismissive of Worrell and others, including former Prime Minister Owen Arthur, who have been seeking to push the Government down the IMF road to recovery, Sinckler said on Sunday he was looking forward to this week’s economic review by the Acting Governor of the Central Bank Cleviston Haynes of the island’s first quarter economic performance.

“We wait to hear the acting Governor of the Central Bank’s report and we would have a better idea of what it is and what has happened for last year and for the first three months of this year,” he said, adding that “based on what we are seeing there and what projections we are expecting we would finalize the rest of the fiscal measures to be introduced,” he said.

The Minister of Finance, who is yet to give a precise date for his much-anticipated National Budget, said Barbadians could expect it around the middle of this month.

“We are just finalizing the measures, but as people in Barbados know we have issues to deal with, the deficit is still a bit too high. We have projected a deficit this year on the base line of 4.4 [per cent of the Gross Domestic Product] – that’s in the Estimates. That’s still too high, we have to bring that down by two per cent or below two per cent.

“We would like to go to a balanced budget, but to do that in the remaining period of the financial year, might be a little to steep a hill to climb, but we will see how it goes,” he said.

And while keeping his actual Budget announcements close to his chest, Sinckler said Government was focused on reducing its costs and increasing its earnings.

“We have to look at our expenditures and our revenue collection,” he said.

When asked if the country was in danger of another downgrade from the ratings agencies, the Minister of Finance said he could not run an economy worrying about rating agencies.

“We can’t run an economy worrying about what S&P or Moody’s is going to do next week. What you do is you check and do what you deem to be best for the country and the economy and hopefully that comports what they may want to see. Sometimes it doesn’t but when you are governing, you have to make decisions that are real time and what you believe are in the best decision of the people,” he stressed.

 

48 Responses to Sinckler rejects Worrell’s IMF prescription

  1. Leroy May 8, 2017 at 3:23 am

    What is sinckler really saying in this piece, he just made the case for going to the imf now setting aside political considerations.

    Reply
  2. Veroniva Boyce
    Veroniva Boyce May 8, 2017 at 3:37 am

    Reject.

    Reply
  3. inclusive resorts barbados May 8, 2017 at 3:40 am

    Going to the IMF will just be a band aid that you end up paying for later on not a solution.

    Reply
  4. Lilian Lloyd
    Lilian Lloyd May 8, 2017 at 4:21 am

    CHRIS BATTERD AND WOUNDED!!!!!

    Reply
  5. Lilian Lloyd
    Lilian Lloyd May 8, 2017 at 4:26 am

    CHRIS YOU WILL SOON BE REJECTED TOOOOO!!!!!

    Reply
  6. Patsy Yearwood
    Patsy Yearwood May 8, 2017 at 4:57 am

    Chris your time is just àround tbe corner !

    Reply
  7. Samantha Trotman
    Samantha Trotman May 8, 2017 at 5:41 am

    Pride?

    Reply
  8. Lynda Bonnett
    Lynda Bonnett May 8, 2017 at 5:42 am

    Why Worrell don’t sit… down,enjoy his retirement…… Chris will soon find out where he stands

    Reply
  9. Tony Webster May 8, 2017 at 6:01 am

    @Leroy: Exactly and precisely!!!
    Time up, Mr. Sinckler….you have had your due time at the crease, and the ump’s finger (sorry, two fingers) …is (are) up. If there are any real patriots remaining on your side, ask (sorry…TELL) that other Right Fiddling gentleman, to write G.G. …like today. Alternatively, take out your copy of that un-signed, “eager” letter; have the testicular fortitude to actually sign and deliver it….then write G.G. another letter…to ring the bell.

    How might you wish to be remembered, Sir? By steupses?

    Reply
  10. Angela Griffith
    Angela Griffith May 8, 2017 at 6:02 am

    Pride have him

    Reply
  11. Sean R. Phillips
    Sean R. Phillips May 8, 2017 at 7:04 am

    This ladies and gentlemen is political theater in the flesh. A blind person can see what is happening here. The current government would rather let the economy further deteriorate to save face. As per news report everyone in the current government know’s the economy is in the tank, but refuse to do what is required for fear of losing the upcoming election and their political futures. The more they prolong the inevitable the worst things will become, but clearly that doesn’t matter or the lives that will be affected. The reality is that Barbados with have to go to the IMF and it pains me to admit that, because I know what will follow from the IMF involvement, one only needs to look at other countries who had to turn to the IMF for help. Nothing but pain lies ahead and this current government has shown itself not to be a friend of the people but only opportunists at best.

    Reply
    • harry turnover May 8, 2017 at 5:15 pm

      Well said Sean…just to say that DEM was not the one to take the Country to the IMF when it does happen.

      Reply
  12. Arthur Collymore
    Arthur Collymore May 8, 2017 at 7:07 am

    If you had gone to the IMF after the 2013 election, we would not still be fiddling with a failed 7 year home-grown fiscal programme. Its obvious to us all that your only consideration is the 2018 poll that you will lose inevitabtly. Then the clean up begins.

    Reply
  13. fedup May 8, 2017 at 7:21 am

    Pride? Yuh mean hardears! Dem dont listen to NAFFIN.

    Reply
  14. Carson C. Cadogan May 8, 2017 at 7:54 am

    I back you 100% Min. Sinckler.

    Jamaica went to the IMF at the urging of people just like Peter Boos, Owen Arthur, Dr DeLisle Worrell and others.

    It is almost 40 years later and Jamaica cant extricate itself from the IMF. The Jamaica dollar was once stronger than the British pound, it now trading at around Jam$130.00 to the US dollar. The quality of life in Jamaica has suffered greatly under the IMF programs which the various Jamaican Govts. have had to follow.

    Only IDIOTS would recommend that Barbados put it self in the IMF hands.

    Reply
    • Tamarind Rod May 8, 2017 at 12:56 pm

      Carson C. Cadogan, I agree with you 110%. During the 1973 oil crisis and recession, the BLP and other “Big Wigs”, suggested to the Honourable Errol Barrow that he should go to the IMF. PM Barrow told them, that it was never going to happen and suggested that they should all read a book titled, The Debt Trap: The IMF and The Third World. Barbados survived then, and I am confident that under Minister Sinckler’s guidance that we will do it again.

      Reply
    • hcalndre May 8, 2017 at 2:02 pm

      @C. C. Cadogan: Can you say how and where the PM.,MOF or the Central bank is going to get the money from? They have taxed the people to the bone, want to sell every thing that is standing and nothing seems to be helping so what`s left for them to do? Either let the country fall to its knees or go to the IMF. Carson, if you were about to be evicted or lose your home and with bad credit you can`t get a loan from any lending institutions and your only choice is the loan shark that their interest is almost 100%, what would you do?

      Reply
      • Carson C. Cadogan May 8, 2017 at 4:10 pm

        I cant understand why you all cant see where the solution lie.

        Just think about it.:
        High deficit, slashed credit ratings. Reduced import cover. All the same thing. See it yet?

        BORROW, BORROW, BORROW, BORROW

        IMPORT, IMPORT, IMPORT, IMPORT, IMPORT,IMPORT, IMPORT

        LOW PRODUCTIVITY, LOW PRODUCTIVITY, LOW PRODUCTIVITY

        Foreign exchange earners: TOURISM, FINANCIAL SERVICES, RUM EXPORTS.

        Reply
        • Carson C. Cadogan May 8, 2017 at 4:21 pm

          BUT NO ONE WANTS TO BELL THE CAT.

          The country Barbados is living above its means. The economy has to be retooled.

          In my estimation 90% of businesses in Barbados are BUY AND SELL. They don’t generate a single cent of foreign exchange but they use massive amounts of foreign exchange.

          Barbados seems to be one huge supermarket. That is why every decade and a half we are finding ourselves in this situation. The last administration used to sell off the Land so they were able to stave off financial trouble for a while, but Land in Barbados is finite. Now we are talking about selling off state assets, what will happen when we sell off all state assets and still find ourselves in the same situation 15 years down the road??

          What will we do then?

          Reply
  15. Macmood Tata
    Macmood Tata May 8, 2017 at 8:19 am

    Chris STINK CLAIR a big failer

    Reply
  16. Tricia Sattaur
    Tricia Sattaur May 8, 2017 at 8:27 am

    Oh boy . Well they did not want to hear own Arthur either

    Reply
  17. Tricia Sattaur
    Tricia Sattaur May 8, 2017 at 8:27 am

    Elections coming soon

    Reply
  18. Tony Webster May 8, 2017 at 8:31 am

    Hi Carson…Good to see you in fighting form! ! BTW, when are you going to get all that stuff off your face, from brown-nosing summuch?

    Specifically, to whom do you recommend we turn, to effect debt re-structuring? Gulf States? Venezuela? Cuba? Beijing? Trinbago? C.D.B.?….WHO? At same time, wave your magic wand, and restore our debt-rating back up to AA-

    After re-structuring, what else, specifically, might you suggest to effect the equally unavoidable ( and essential, and uncomfortable, and inconvenient) task of fiscal deficit reforms, economic restructuring etc

    Just list them off,like 1, 2, 3, 4, 5, 6, 7, ….19, 20, …

    Reply
    • hcalndre May 8, 2017 at 2:34 pm

      Tony Webster, every one is scratching their heads about where Barbados is going to get the money to pull them out and nobody is looking to their Gran-ma, the good old England.

      Reply
  19. Peter May 8, 2017 at 8:32 am

    Carson C Cadogan. I agree with you 100% Going to the IMF means clearly a definite devaluation of the BDS dollar. Several other Caribbean countries begrudge Barbados. It St. Lucia retail businesses demand one for one exchange over the counter. Only in the Bank and Hotels one gets the true exchange rate. Guyana has devalued the Barbados dollar too. They know Bajans are buying up US dollars which is readily available over the counter there so they are making a profit off their Cambio. One $ US dollar can be easily exchanged for 1.50 Barbados Dollars. but only in large quantities. Hence the original reason for printing more BDS dollars. Gold is used as the medium. I maintain that there are other ways of development Barbados can encourage. I know of one certain way this Island can earn over US$ 7 billion in revenue per annum. No IMF. Politicians are either afraid or too arrogant to go that way. A similar method is used by Singapore, China, Canada, Monaco, and even South Korea. The Netherlands and Germany are now moving in that direction. If we go this way, VAT will be abolished, Water and electricity rates will drop by 60%, We will afford free education and health care, among other massive benefits.

    Reply
    • Carson C. Cadogan May 8, 2017 at 8:59 am

      Well said.

      Reply
    • Ernesta Catlyn May 8, 2017 at 7:00 pm

      When the large number of Guyanese were here and remitting funds to Guyana, the Barbadians were selling them US for as high as BDS$5 to US$1. Karma is a b****h

      Reply
  20. Zeus May 8, 2017 at 8:38 am

    Carson man I surprise nobody ain’t come out and say put the Barbados economy in the hands of the Bees …..it look like reality now hitting them

    Reply
  21. Mark Adamson May 8, 2017 at 8:45 am

    The below submission represents an edited version of a previous Facebook post by me to a person on my Facebook contact list. However, the submission is extremely important to some understanding and acceptance by many people in Barbados of the substantial number of fundamental structural political economic and financial problems presently facing the government and society of Barbados. Too, this submission is also extremely important to some understanding and acceptance by such persons of the inescapable need to find long lasting effective solutions to these problems.

    ———————————————————————————————————-

    Sann Rose, Good night.

    It is of great import that you finished the above statement by helping to express that “A government can not expect to tax its
    way out of the problems facing Barbados. We don’t only need
    alternative political parties, we need alternating forms and
    systems of governance”. Very brilliant.

    Now, it is clear that TAXATION has never solved – and will NEVER
    EVER solve – BUT WILL CERTAINLY HELP CREATE – GREATER
    fiscal problems for the government of Barbados, even as it has
    become – within recent years – patently clear that this Taxation
    system has started to feed on itself, eg, the government evilly
    criminally taxing the receipts of the relevant people, businesses
    and others – then taking and giving some of these same Taxation proceeds ( monies) to the local core financial system – for the local core financial system to be seen by me and many others to be giving these same monies as so-called Tax returns to the relevant Tax victims.

    This is a VERY CLEAR and POWERFUL sign of the ABSOLUTE
    requirement to start ABOLISHING Taxation now in Barbados!!

    Another VERY CLEAR and POWERFUL sign of the ABSOLUTE
    requirement to start ABOLISHING Taxation now in the country, is
    the massive and illogical contradiction between the use of more
    and more TAXATION proceeds to repair much government debt,
    whilst at the same time TAXATION is helping create the conditions
    for the bringing about of greater and greater receipts debt
    (measured in money terms) across the country.

    Now, it is an entire MYTH that social services are paid for. For, not
    only are these social services not only social services but they are
    also commercial services that are not only provided by human
    beings, machines, devices, vehicles, etc., but that are also
    provided with ABSOLUTELY no connections between the goods
    and services rendered by any persons, machines, devices,
    vehicles, etc., and the money/credits given by the persons using or benefiting from using such goods and services within the
    commercial or social realm anywhere.

    Furthermore, when such social services are being provided by
    government workers COMMERCIALLY (and this happens
    throughout the whole of the government) it is seen the greater
    destruction of our financial affairs wherefore the persons or
    groups of persons that are the external beneficiaries of the uses
    of those social services (not the internal beneficiaries that are in
    whatever ways there and then providing the social commercial
    goods and services) are using such services, they are doing so without providing some amounts of monies to the persons providing those services or persons managing or supervising them there and then; thus it having to be seen the outrage where
    the relevant core financial institutions are the ones having to be
    burdened with the responsibilities of giving humongous
    TRANSFERS to the government workers providing such services
    on the behalf of the government. In ALL COMMERCIAL SPHERES
    in Barbados, persons providing any goods or services must be in
    positions to say what amounts of receipts they want from the
    users of such goods and services when providing THEIR OWN
    personal services (individually or collectively) and without the
    relevant idiotic trade union activities having to be involved.

    Now, as I have long been putting forward on Facebook the following:-

    1) All or almost all government workers, persons or groups of
    persons having done business with government, pensioners on
    government’s pension lists, have been getting their transfers via
    the relevant core financial institutions;

    2) All usable money has to be deposited by persons or groups of persons in the local core financial system – via savings or debit
    transfer deposits; and,

    3) All usable money has to be eventually taken by the relevant
    people of the said core financial institutions into and out of these
    themselves,

    then these things (the unavoidable circulatory institutional and non-institutional money patterns) must be looked upon by right thinking persons, like yourself, as entirely contributing to the pure
    orthodoxy of the need for the avoiding/the preempting of the
    propensity for the government of Barbados to be continuing to TAX STEAL and ROB the relevant persons, businesses and other
    entities of what are rightfully theirs – countless portions of THEIR
    OWN RECEIPTS properties – and still at the same time or at
    appointed times be using private security personnel and their
    vehicles to take the monies dispossessed from the relevant Tax
    victims, via the TAX departments, and collected at the Central
    Bank of Barbados, for distribution to the said core financial
    institutions, for eventual use in psychologically linguistically
    representing those said transfers, when it is absolutely clear that
    those three fundamental conditions take place – and would take
    place at faster and more fairer rates – were it not for this evil,
    wicked, immoral, fascist, unconstitutional, unproductive and
    uncooperative TAXATION system.

    Now, where such fundamental matters are concerned, we in the
    PDC/CUP have decided to help propose the creation of two
    progressive and revolutionary schemes for Barbados, and that
    will be enmeshed in the core financial system of Barbados.

    These are The National Institutional Productive Money Transfer
    Scheme and The National Institutional Non-Productive Money
    Transfer Scheme – which – along with serving three fundamental
    purposes – Saving, Recycling and Investment – will allow the
    government of Barbados to properly access – and for annualized
    budgetary purposes, especially in relationship to the PARTNERS of
    the PARTNERSHIP proposed to run the entire affairs of the government having to provide – and very efficiently so – social, social welfare, security, physical and foreign affairs services and infrastructures – money – NOT the money that ought to represent
    the saved receipts of the relevant individuals and groups of
    individuals therein – and NOT any money that must be made to
    serve as a basis for eventually incurring cost of use money
    charges against the said PARTNERSHIP charged with running the
    entire affairs of government’s own receipts – as that, the use of
    money in this sense would be seen by whomsoever as serving
    that very important recyclable function – and whereby this
    PARTNERSHIP would be made the exception to one of the Schemes’ qualifications, that to access them, each succeeding year – candidates – SOLE PROPRIETORS, INDIVIDUAL PARTNERS, and PARTNERSHIPS themselves would have had to contribute – and show evidence of those contributions – in each and every
    succeeding year – to the national receipts generation process – and
    on that basis – be transferred monies by the Schemes on having
    successfully done so. Whereas, SOLE PROPRIETORS and
    INDIVIDUAL PARTNERS would be given monies – minus their contributions to the receipts of those running or doing business with the Schemes – on the basis of their total receipts secured or approximated for each calendar year, PARTNERSHIPS would be given monies – minus their contributions to the receipts of those running or doing business with the Schemes – on the basis of
    their remainder operating funds secured or approximated at the
    end of each calendar year.

    ———————————————————————————————————-

    Mark Adamson – Leader of the People’s Democratic Congress (PDC)

    Reply
  22. jrsmith May 8, 2017 at 8:46 am

    Bajans what are we going to do, we need a good business man to take barbados out of this well …. we have people who should govern and manage Barbados , seeming so is just there to make themselves wealthy … full stop………………………

    Reply
    • Jennifer May 8, 2017 at 10:43 am

      Jrsmith – Those people have no other choice but to………… All such business men already in the business of making themselves rich of the backs of the feeble.
      I must agree with Carson Codogan, going to the IMF is by all means a no no. This would be like running from one Sow to go to another Sow. Meanwhile the small black person as the tail end getting desalinate and roasted on the barbecue grill slowly but surely. And this Owen that is also in agreement with this IMF approach is just like the general mismanaging lot. Then again he help to sink Jamaica into that deep IMF rabbit hole that they are still in today.
      @Zeus – good one. Imagine this BLP having a similar ideology to Owen seeing he is a cut from the same cloth.
      The CHIP in our politicians need taking out reprogramming and re-uploading.

      Reply
  23. Tee White May 8, 2017 at 8:50 am

    The IMF is not the solution to the economic problems Barbados is facing. From the IMF’s track record, we know this organisation will insist on attacking the poor and making life a lot harder for those who can least afford it. They will dish out economic prescriptions based on the neo-liberal economic dogmas which are already responsible for the severe economic crisis that the world is facing and which is also having its effects in Barbados. We Bajans need a serious and informed discussion about our country’s economic state. How is the wealth created by our people’s labour being distributed among the main claimants on this economy, namely the workers and employees through their wages and salaries, the owners of capital and debt through profits and interest and the government through taxes? Has the debt been thoroughly audited and should we honour all of it? Is the government revenue being spent for its stated purpose and if not who is to be held accountable? As Bajans, we need to find answers to these questions to put ourselves in a position to deal with our country’s economic situation.

    Reply
  24. Carson C. Cadogan May 8, 2017 at 9:08 am

    Just as an example:

    I wonder how many people know that the IMF wants the Govt. to raise bus fares to $5.00?

    Now this would really improve the quality of life in Barbados!!!

    Reply
  25. Alex Alleyne May 8, 2017 at 10:21 am

    Chris just leaving all things that Bajans need to be done for the BLP to do, then to say “I told you so”. MIF , here I come and Bajan Dollar gone down and under.
    Be careful what you wish for , you end up with it.
    TIME AND HISTORY SHALL TELL.

    Reply
  26. Alex Alleyne May 8, 2017 at 10:26 am

    Any time bus fare go up , for sure next in line is a fee at the polyclinics. So that will be $10.00 out of you pocket and Chefette will take a blow.

    Reply
    • Jennifer May 8, 2017 at 10:51 am

      @Alex Alleyne – Chefette will NEVER take a blow, believe you me. This people will stay sick and walk. Every one deserves a trick or treat.

      Reply
  27. Hugh Roberta Ferguson
    Hugh Roberta Ferguson May 8, 2017 at 10:44 am

    Sinckler will NOT BE SATISFIED, until Barabados dollar is worth 4 TO ONE US $….In one yr is dream will come TRUE…

    Reply
  28. Ralph W Talma May 8, 2017 at 10:49 am

    1. It appears the financial problems of the Island are becoming a serious cause for concern. But I would be extremely cautious about a request to the IMF. There are ways and means of obtaining relevant funding; but, this would mean a tightening of belts including a reduction of MPs pay; recently increased pension and returning to the original number of constituencies and members serving therein.
    2. It hurts me to see my wonderful Island being led by people I would court martial for dereliction of duty if they served in any Department I led during my 35 years in the RN. Let us therefor pray for an early election and a new dawn. Do have faith.
    3. Until then and despite the hardship please keep smiling.

    Reply
    • Carson C. Cadogan May 8, 2017 at 12:06 pm

      What early election?

      No need for that.

      Reply
    • harry turnover May 8, 2017 at 5:47 pm

      You really think Stuart gine call an early election.??? The PM is just like a woman effing up she child just to get back at de fadda…he is going to eff up the whole of Barbados JUST to get back at the BLP

      Reply
  29. Claire Battershield
    Claire Battershield May 8, 2017 at 11:49 am

    Wuh if he reject he and he got ejected from his job, what else should one expect?

    Reply
  30. jrsmith May 8, 2017 at 12:04 pm

    @, Ralph, W T, hail, hail, on the button second paragraph of (10.49 ) court martial , they should all be in prison many countries around the world who are not suppose to so democratic , after seeing the (Audit General’s ) report would have act swiftly, but not barbados , every body is at it,(Barbados has become a cash cow) for our politicians the 1% ers and all corporates, sending they profits out to the taxhavens………………………………………….

    Our government though barbados could have become a taxed economy, but how many people are paying taxes they cant even set efficient tax collecting service…………………………..

    Reply
  31. harry turnover May 8, 2017 at 5:36 pm

    Minister of Finance Chris Sinckler says though the Barbados economy is definitely not well at the moment….Sinckler and you got the GALL to say that since you were trying to fix it for OVER 8 YEARS ?
    For 8 YEARS you were telling the Country this……and I am going to start with a BUDGET……these measures as outlined in the budget will get the Country back on track…two months after….things are working ..there is light at the end of the tunnel and growth of this and that is expected….towards the end of December and going into the next year….things did not work out as expected ….growth is not what was expected……two months later …more harsh methods are coming.. and .back to a Budget and he gine tell de people DE SAME THING for the rest of the year.
    That is what that MECHANICAL ECONOMIST has been saying for the LAST EIGHT YEARS’
    Listen out fa de pseudo Economist at the Budget presentation…I think though this time as elections are round the corner he will say THINGS ARE GOOD IN BIM and that the measures put in place are working NOW .

    Reply
  32. Alex Alleyne May 8, 2017 at 6:28 pm

    Most comments are “partisan politics” , nothing to do with BARBADOS.

    Reply
  33. Ernesta Catlyn May 8, 2017 at 6:56 pm

    CCC the Management of Transport Board crack the numbers themselves and realised that $5 for bus fares would allow them to satisfy their plans and return a profit. Stop lying on the IMF

    Reply
  34. Ernesta Catlyn May 8, 2017 at 6:59 pm

    When the large number of Guyanese were here and remitting funds to Guyana, the Barbadians were selling them US for as high as BDS$5 to US$1. Karma is a b****h

    Reply
  35. Milli Watt May 8, 2017 at 9:15 pm

    I do not know how this man keep this boat on the water so long……any how I likes how it playing. Only a matter a time now before the Minister is retired in the public interest also.

    Reply

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