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PM: No IMF


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PM: No IMF

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PRIME MINISTER FREUNDEL STUART remains defiant in the face of a Standard & Poor’s (S&P) downgrade of the country, saying Barbados will not be forced into an International Monetary Fund (IMF) progamme.

In a statement issued yesterday, Stuart said his administration was “firmly committed” to its home-grown strategy for growth and development, which had “already begun to show positive results”.

In his first public statement since S&P slashed the island’s sovereign rating from BB- to B on Friday, the Prime Minister said: “We have set out on a course of action which is crafted to our needs, and we are resolute in pursuing that strategy to the successful revival of economic growth in 2015 and beyond.

Please read the full story in today’s Daily Nation, or in the eNATION edition.

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