Friday, April 19, 2024

‘On right path’

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MINISTER OF FINANCE Chris Sinckler has dismissed the International Monetary Fund’s (IMF) forecast on Barbados’ economic performance as being off target.

He said the IMF, which concluded that this year Barbados would have the worst economic performance among Caribbean countries, had been off-track in some of its other country forecasts and had had to revise the predictions.

“The IMF has no real way of knowing how much the Barbados economy will grow by or how much less it will grow by,” he told the DAILY NATION yesterday while hosting his annual picnic at Silver Sands Beach, Christ Church, for elderly St Michael North West constituents and their relatives.

He said Barbados was making recovery in a number of areas, including attracting higher levels of foreign direct investment, and there was nothing in the IMF’s forecast which would make him pause and consider another course of action to pull the economy out of trouble, because he had “absolutely no doubt that we are on the right path”.

Please read the full story in today’s Daily Nation, or in the eNATION edition.

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