NOT SO FAST, Mr Economist!
What the International Monetary Fund (IMF) was selling, Barbados wasn’t in a position to buy, says Minister of Finance, Chris Sinckler.
That was the minister’s response to a suggestion from economics Professior Michael Howard that Government should have entered into an agreement with the financial institution back in 2013, instead of coming up with a home-gown fiscal adjustment programme.
“Three years ago the IMF staff made it very clear to us that while some of them believed and would support a programme for Barbados that did not include a devaluation, they did not believe they could get that past their front office senior managers or the executive board,” Sinckler told the SUNDAY SUN.
Please read the full story in today’s Sunday Sun, or in the eNATION edition.
