‘No’ to IMF
Barbadiabs are already reeling under tough economic measures.
And economist Professor Michael Howard feels the call for Government to turn to the International Monetary Fund (IMF) for its intervention now should be ignored.
Howard said the country could not withstand any more bitter medicine which would probably be part of any IMF prescription.
“A formal IMF standby agreement is no longer necessary for Barbados for 2014, since the Barbados Government has introduced its own harsh programme which has the approval of the IMF as indicated in the Fund’s most recent assessment in June 2014,” he told the SUNDAY SUN yesterday.
Howard’s comments were in response to suggestions last week for Government to join an IMF programme from the Barbados Economic Society’s past president Ryan Straughn and president of the Barbados Chamber of Commerce and Industry (BCCI), Tracey Shuffler.