Regional
IMF Warns of More Austerity to Pull Barbados out of its Economic Woes
The International Monetary Fund (IMF) has warned Barbadians that more austerity is coming.
At the end of a 10-day visit to the island, a team from the Washington-based lending agency said that while the Barbadian authorities, in close consultation with their social partners, were taking effective steps to address current economic vulnerabilities; and the measures outlined in the budget by Prime Minister Mia Mottley last month were a good first right, a second round of measures would be needed.
