The Barbados Economic Society (BES) is worried that Government’s austerity measures are “imposing a heavier burden on the poor”.
BES president Simon Naitram also expressed concern about the delay in renegotiating Barbados foreign debt, and questioned the continuing foreign-centric nature of the country’s economic growth strategy.
The economist raised the issues while calling for greater investment in public infrastructure, genuine public sector reform, and an open debate on economic matters.
Reflecting on Government’s first year of economic management, Naitram applauded the fact that the Mia Mottley administration “acted quickly in a situation that looked desperate”, took “encouraging steps towards meaningful structural reform”, and “heightened social awareness and increased confidence” through better communication. (SC)
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