THE FREUNDEL STUART ADMINISTRATION has outmanoeuvred its opponents once again, and will soon be able to focus solely on winning the next general election.
That’s why Minister of Finance Chris Sinckler was so strident in the House of Assembly last Tuesday as he declared that the ruling Democratic Labour Party (DLP) would not devalue the Barbados dollar, and he would resign first rather than oversee such. He also denied that Government had engaged in, or authorised any approach to the International Monetary Fund for a bailout programme.
The question, though, is whether this DLP victory was part of a well-planned strategy that was in the best interest of the party, but not necessarily in the interest of Barbados’ long-term financial health?
Sinckler brims with such confidence because of the US$100 million in foreign exchange Government is set to earn from the sale of the Barbados National Terminal Company Limited (BNTCL) to the Sir Kyffin Simpson-led Sol Group. (SP)
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