All's well

by Dawne Parris,

Added 30 October 2012

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THERE ARE NO HARD FEELINGS between the International Monetary Fund (IMF) and Barbados following Central Bank Governor Dr DeLisle Worrell’s disagreement with the agency’s boss over the merits of devaluation and his allegation that the Fund gives bad advice. But Worrell, who sought to clear the air yesterday, is sticking to his position that devaluation is not an option for Barbados. In a statement issued after a SUNDAY SUN publication of an exchange between him and IMF managing director Christine Lagarde at a breakfast meeting in Japan earlier this month, Worrell sought to downplay any suggestion of conflict. “In correspondence after the breakfast meeting, I reassured Madame Lagarde that, like my colleagues in the region, I am highly appreciative of the initiatives that the International Monetary Fund and the World Bank have undertaken to focus on the concerns of the Caribbean and other small nations,” he said.

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