Private sector supports IMF move

Article by ALEX DOWNES

Barbados Chamber of Commerce and Industry (BCCI) president Edward Clarke is warning that the country must stick to the Barbados Economic Recovery and Transformation (BERT) programme if it is to reap the rewards of the proposed US$290 million agreement.

“We’re very happy the IMF [International Monetary Fund] has been able to leave here with a plan to recommend to the board for support to the Barbados Government,” Clarke said yesterday during an interview.

“To me, this is essential to move Barbados forward. I could not have seen Barbados getting out of this hole without major multilateral assistance,” he added.

In a Press briefing on Friday, Prime Minister Mia Amor Mottley disclosed Barbados had reached a staff-level agreement with the IMF on a US$290 million economic programme under its Extended Fund Facility. (AD)

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