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Economy ‘stable’


Geralyn Edward, Business Editor

Economy ‘stable’

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Barbados’ debt profile is not a problem and the economy is stable says Central Bank Governor Dr DeLisle Worrell.
To support his statement, the Governor pointed to six successive quarters of marginal growth; the country hauling in foreign currency in the last financial year to meet the $5 billion the economy required, while still maintaining adequate levels of foreign reserves in an uncertain global climate.
Speaking yesterday to members of the media in a discussion at the Central Bank on How We Keep The Economy Stable, Worrell revealed also that the country’s foreign reserves had increased by $4 million.
“Economic stabilization in Barbados is about a balance of inflows and outflows of foreign currency. In the United Kingdom, United States, Brazil or China, it can be about different things because they are not open in the way we are open.
 
Read the full story in today’s DAILY NATION.

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