The economic reforms are “going to bite”, but you must “stay the course”.
Respected Caribbean economist Dr Wendell Samuel based his assessment on his involvement with International Monetary Fund (IMF) programmes in Antigua and Barbuda and the Seychelles.
The Vincentian, who is programme coordinator of the Barbados-based and IMF-operated Caribbean Regional Technical Assistance Centre, also said it was “important to be open to all policy options”, enhance medium-term growth, keep wages in check and carefully monitor spending by state-owned enterprises.
He was delivering the keynote address at the Central Bank of Barbados’ 38th Annual Review Seminar at Radisson Aquatica Resort on Tuesday.
Samuel was the mission chief and resident representative for Antigua and Barbuda for part of its standby arrangement with the IMF, and he was the mission chief for Seychelles during the last two of its extended IMF facilities. (SC)
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