Barbados says no to IMF
Published:Friday | July 30, 2010 | 5:23 PM
The Barbados government is ignoring opposition criticism and asserting that it is having success in stabilising the economy.
State Finance Minister, Darcy Boyce is insisting that there is still investor confidence in Barbados as witnessed by the quick take-up of a US$100 million bond issue this week.
He also said Barbados will not join Jamaica and Antigua and Barbuda in seeking International Monetary Fund (IMF) loans.
Senator Boyce, a former deputy governor of the Barbados Central Bank has suggested that the decline in the economy is being reversed.
He is also expecting some economic improvement between now and the first quarter of 2011, as a number of building projects are to be launched.