International investors have been warned that Barbados is “in critical condition”.
They were also told that the Government and the private sector are so “terrified” about the consequences of a foreign debt default that Barbados is likely to pursue domestic debt restructuring and turn to the International Monetary Fund (IMF) for help.
NN Investments Partners, a Netherlands-based firm managing about US$280 billion in assets for a large number of international institutional and individual investors, gave that assessment in a recent report circulated to “professional investors”.
The Sunday Sun understands that a team from the asset management company visited Barbados earlier this year before the May 30 Budget was delivered. (SC)
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