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Stuart: Don’t despair over IMF report

GERCINE CARTER, [email protected]

Stuart: Don’t despair over IMF report

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THE INTERNATIONAL Monetary Fund’s (IMF) latest prediction of a negative performance for the Barbados economy this year, is not causing Prime Minister Freundel Stuart to despair and he is telling Barbadians they should not despair either.

The IMF report stated that Barbados would have the worst economic performance among Caribbean countries this year with only 0.8 growth.

But speaking to the media this morning, after the launch of Phase 8 of the Youth in Agriculture Programme at the Bayville Community Centre, the Prime Minister said while he had not yet seen the IMF report, it was well known that Barbados had been having some challenges and had to work its way back to robust growth.  

He said he did not think Barbados had anything to worry about in the context of the entire Caribbean.  (GC)