An International Monetary Fund (IMF) working paper which analysed macroeconomic vulnerabilities in Barbados between 2006 and 2009 has recommended that Government aggressively” implement its Medium Term Fiscal Strategy.
The paper which was released on Thursday is authored by Charles Amo-Yartey and does not necessarily represent the views of the IMF.
In the document entitled Barbados: Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities, Amo-Yartey said the analysis at the end of 2009 suggests the need to reduce macroeconomic weaknesses in four ways.
Firstly, he recommended “reducing the level of public debt both to decrease the vulnerability of the sector and to limit exposure to the financial system and the household sector.”
Read the full story in today’s SATURDAY SUN.
