MAKE A DECISION! The advice of former Prime Minister Owen Arthur to the Freundel Stuart administration, which has been resisting entering into a full-fledged International Monetary Fund (IMF) programme.
He contends that there is no point in implementing IMF policies without access to funding to cushion the resultant negative effects.
Compounding the problem is Barbados’ “dubious prospects” of borrowing on the commercial market due to its credit rating, he argued.
As he delivered the SALISES Development Lecture Wednesday night, Arthur said the current situation has put the country, which is in the midst of implementing an IMF-style adjustment programme, “in the worst of all worlds”. (WILLCOMM)
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