BARBADOS IS FACING a serious financial crisis that must be resolved within the next 90 days in order to avoid a financial calamity.
According to former Prime Minister Owen Arthur, that is the distinct possibility of the country running out of foreign reserves.
He said the weekend upheaval involving Central Bank Governor Dr DeLisle Worrell might give the country a chance to correct the disastrous financial policies pursued by the Government.
Arthur, a former Minister of Finance, told the DAILY NATION in New York yesterday that the bad policy of printing money had played a role in both the current crisis Barbados was facing and the Freundel Stuart administration’s move to oust the governor. (TB)
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