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Barbados minister denies reports of IMF talks

Published:Thursday | May 30, 2013 | 1:45 PM

The Barbados government has described as malicious and unfounded, reports that the island has held talks with the International Monetary Fund (IMF).

Finance and Economic Affairs Minister, Chris Sinckler, has also dismissed suggestions that Barbados would be devaluing its local currency which now trades at BDS$2 to US$1.

According to Sinckler there are people in the country bent on spreading panic, and have in the past made statements indicating that the Freundel Stuart government, would be retrenching as many as 6,000 public servants because of the financial situation.

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