GOVERNMENT IS FAR from breathing a sigh of relief that the Barbados economy is “out of the woods”, says Minister of Finance Chris Sinckler.
Speaking as he formally received $17.07 million in “budget support” from the European Union (EU), funding that would go towards Government’s Human Resource Development Programme, Sinckler said there were still “certain structural changes” that had to occur in the economy over the medium term.
These, he added, would not be “easy” since “it means moving substantially from one phase to another in terms of both how you organise your economy and how it operates”.
Moments after Sinckler spoke, Ambassador Mikael Barfod, Head of the Delegation of the European Union to Barbados and the Eastern Caribbean, lauded Barbados for the steps it had taken so far to achieve fiscal reform, but called for more to be done.
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