IT MAY BE Christmas, but Government should not accept the offer by two British investors to raise $2 billion for the country, says economists.
Leading the chorus of dissension was former Prime Minister Owen Arthur, who said Barbados did not need “fairy godfather” solutions. Rather, Government needs to ensure it can successfully negotiate policies to restore the country’s investment grade so the country doesn’t have to find extraordinary ways to raise funding.
Opposition spokesman on economic matters, Dr Clyde Mascoll, said he did not think it made sense to take up the offer, as the costs of servicing such a debt would be high, and unless it was for restructuring, it would be a further major burden given the repayment rate.
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