Sat | May 27, 2017

We will not seek help from the IMF, says Barbados gov't

Published:Tuesday | October 28, 2014 | 10:13 AM

The government of Barbados says it will not seek assistance from the International Monetary Fund (IMF) to help turn around its ailing economy.



Finance and Economic Minister Chris Sinckler says the government believes that the fiscal programme it has embarked upon is working, despite laying off thousands of public workers.



Sinckler maintains that growth will return to the economy.



Last year, the Barbados government announced plans to cut public service jobs in a bid to save BBD$143 million.



The Government said it would also institute a strict programme of attrition across the central public service, filling posts only where it is absolutely unavoidable, over the next five years, ending in the 2018-2019 financial year.



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