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Inniss raps bank


Inniss raps bank

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THE WORLD BANK has come under heavy criticism from Minister of International Business Donville Inniss for its recent report on Doing Business in Barbados.

Inniss, also responsible for portfolios Industry, Commerce and Small Business Development, was speaking at the annual International Business Workshop hosted by the Institute of Chartered Accountants of Barbados at the Hilton Barbados Resort yesterday.

He described the report as “erroneous”, and vowed to challenge it by outlining its errors and providing evidence to the contrary.

Stating that the World Bank was “off the mark” in some areas, especially in relation to the length of time taken to incorporate a company, engage on some insolvency matters and to obtain some permits, Inniss charged that once again his office would have to write to the body to discredit their claims. (JS/GIS)

Please read the full story in today’s Saturday Sun, or in the eNATION edition.