No short fix for the economy

The road to economic recovery will be long and hard. 

So says Minister in the Ministry of Finance Ryan Straughn. He was delivering the feature address at the Barbados Stock Exchange Corporate Government and Accountability conference this morning.

However Straughn stressed that he believed that the country was going to make it through the process.

“We are all in this together, we have it within us to get out of this situation we found ourselves in. The reality is that in a sense, we are all responsible for charting the recovery of this country . . . the basic ingredients are still there, but with clear decisive leadership which we hope to provide not only to the persons in this room but to persons across the length and breadth of Barbados and the region,” Straughn said.

Earlier this week, the government’s economic team laid out a debt-restructuring programme as part of an IMF back plan in efforts to slash government’s huge debt and stabilize the economy.

Straughn also stressed that it could not be business as usual. (DB)