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Barbados Chamber of Commerce calls for gov't to consider IMF deal

Published:Thursday | September 25, 2014 | 10:08 AM

The Barbados Chamber of Industry and Commerce has called for the Freundel Stuart government to consider entering into a standby agreement with the International Monetary Fund (IMF) as the island tries to turn around an ailing economy.



Chamber president Tracey Shuffle says the private sector believes that once a reasonable portion of the present fiscal deficit has been reduced the government could consider the feasibility of engaging the IMF.



She says the chamber believes that an IMF deal would allow the government to avoid any further erosion to the balance of payments.



She further says a standby arrangement would allow Barbados to access funding to help fuel growth in the economy.



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