ECONOMIST DR JUSTIN ROBINSON is not saying no to an International Monetary Fund (IMF) programme in Barbados, but he has issued words of caution about entering such a deal.
Saying that the “devil is in the detail”, the University of the West Indies dean said governments are not aware of attached conditionalities until they enter such arrangements.
In the case of Barbados, he said the Freundel Stuart administration would have to make clear it would not be willing to compromise on the fixed exchange rate and other matters pertinent to it.
“One of the challenges for any government, I suppose, is that you cannot know beforehand what those conditionalities would be. It’s a process of negotiation,” he said yesterday during the monthly lunchtime lecture of the Democratic Labour Party at its George Street headquarters. (WILLCOMM)
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