BARBADOS’ GROWING DEBT PROBLEM has the International Monetary Fund (IMF) concerned.
As Minister of Finance Chris Sinckler prepares to deliver his Budget next Tuesday against the backdrop of more than $9 billion in gross public sector debt, the IMF is urging the Freundel Stuart administration to take action.
It urged Government to narrow the gap between its spending and revenue and implement structural reforms, but pointed to previous “slow implementation” of such measures.
The IMF gave the advice in its latest Regional Economic Outlook For The Western Hemisphere, which was released last week. (SC)
Please read the full story in today’s Daily Nation, or in the eNATION edition.
