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    August 17

  • 10:05 PM

On right path, says economist

SHAWN CUMBERBATCH, shawncumberbatch@nationnews.com

Added 18 May 2019


American economist Dr Linda Tesar during her interview with the Central Bank of Barbados.

Barbados is on the right economic path, says visiting American economist Dr Linda Tesar.

However, Tesar, who is the Central Bank’s 2019 Distinguished Visiting Fellow, cautioned that the country remained vulnerable to “external shocks”, including the escalating trade war between the United States and China.

In an interview with the Central Bank’s chief of corporate communications Novaline Brewster on Friday, Tesar also said Barbados needed to have its “domestic house in order” to ensure it could meet commitments to foreign commercial creditors.

“From what I have read, it really seems that Barbados is taking the right steps and, of course, working with the [International Monetary Fund] to make sure that the international community is also in agreement that these are the right steps,” said the professor of economics at the University of Michigan. (SC)

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