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 is suggesting that “front end adjustments” were 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...
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