THE SINGLE BIGGEST HOLDER of Caribbean government debt is giving most of the region, including Barbados, a failing grade for not articulating a clear plan for “fiscal sustainability”.
Ravi Rambarran, Sagicor Financial Corporation’s group executive vice-president for corporate strategy and investor relations, is worried that too many governments were adding to the anxiety of international and regional investors due to their lack of action on some critical issues.
Rambarran, who is based in Trinidad and Tobago, was in Barbados recently for a number of high-level meetings of top Sagicor executives after the company outlined its performance for 2016 and highlighted projections for the rest of the financial year.
“The challenge we have within the Caribbean, with the exception of Jamaica, is that the governments have done themselves a disservice.” (GE)
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