PRIME MINISTER FREUNDEL STUART remains defiant in the face of a Standard & Poor’s (S&P) downgrade of the country, saying Barbados will not be forced into an International Monetary Fund (IMF) progamme.
In a statement issued yesterday, Stuart said his administration was “firmly committed” to its home-grown strategy for growth and development, which had “already begun to show positive results”.
In his first public statement since S&P slashed the island’s sovereign rating from BB- to B on Friday, the Prime Minister said: “We have set out on a course of action which is crafted to our needs, and we are resolute in pursuing that strategy to the successful revival of economic growth in 2015 and beyond.
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