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.
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