BRIDGETOWN, Barbados, (CMC) — President of the Barbados-based Caribbean Development Bank (CDB), Dr Warren Smith, is warning the Barbados government that it needs to deal urgently with the island’s worsening debt situation In an interview with the online publication, Barbados TODAY on Wednesday, Smith suggested that “front end adjustments” are urgently needed to correct the economic slide. He described the island’s overall fiscal position as “unsustainable” and cautioned that if left unchecked, it would do untold damage to the local currency. The Jamaican-born economist said that Barbados should consider privatising...
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