Don’t swallow all the medicine prescribed by the International Monetary Fund (IMF).
That’s the warning from a leading economist who has cautioned the Freundel Stuart administration to be selective with the IMF’s proposals for Barbados’ economic recovery.
Professor Michael Howard told the WEEKEND NATION that to fully accept the IMF suggestions would equate to an internal devaluation in the country.
“The IMF report is concerned only with maximising tax revenue and almost totally ignores equity and welfare. There is no human face,” Howard said yesterday.
The retired University of the West Indies (UWI) lecturer, while agreeing that revenue emphasis was currently appropriate, added that Government must be selective in applying the IMF suggestions.
Please read the full story in today's Weekend Nation, or in the eNATION edition.