Sinckler warns against negativity
IN HIS WRAP-UP of debate on the Appropriations Bill 2016 on Wednesday, Minister of Finance Chris Sinckler warned that in an “extremely sensitive” financial market, “you have got to be careful making these kinds of comments especially when they are not backed by history and facts”.
Explaining his agitation over the matter, he said: “When you get a roomful of investors being told that foolishness, people start to get jittery and are reluctant to lend to Government.”
In addition, he observed, some people resorted to hoarding US money as a precaution.
He said as Minister of Finance his first job was to defend the financial integrity of Barbados “and I am going to do that”. (GC)
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