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‘Not too late’ for IMF

GERALYN EDWARD, [email protected]

‘Not too late’ for IMF

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WHETHER BARBADOS GOES to the International Monetary Fund (IMF) before or after the next general election will depend on how critical the financial situation becomes.

Marla Dukharan, group economist with the Royal Bank of Canada (RBC), was responding to suggestions by some that with the current administration on the verge of another general election, it would not have the kind of mandate needed to enter a standby arrangement with the IMF.

But Dukharan, who is attending the Caribbean Development Bank’s 47th annual meeting of the Board of Governors on the island of Providenciales in The Turks and Caicos, said she did not believe it was too late at this stage.

However, the senior RBC official, who is pursuing a PhD in economics, says she was still at a loss as to why more far-reaching action had not yet been taken by the administration to cut the deficit. (GE)

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