BARBADOS’ PRIVATE SECTOR APPROVES GOVERNMENT DRAFTED IMF RESTRUCTURING PLAN SO FAR, DIFFERENT GRADE FOR 2 DAY BLACKOUT

The Private Sector Arm of the Monitoring Committee for BERTThe Barbados Economic Recovery and Transformation programme – have given a thumb’s up so far, energy and water concerns are a different matter…

This from Edward Clarke, Executive Vice President and General Manager, Barbados Operations of Sagicor General as the lead for the Monitoring Committee.

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Mr Clarke apologised for the absence of both Akanni MacDowell of the National Union of Public Workers and Senator Toni Moore from the Barbados Workers Union who were called away to separate emergencies…

In an executive summary of the report on behalf the group, he expressed general satisfaction in the Mia Mottley Administration in meeting targets necessary for the IMF plan;-

However, during the Q&A session, the Sagicor executive painted a different picture in light of the electrical and water disruptions of Monday and Tuesday – he sees a need for his fellow countrymen to revise their mindset and develop ways to offset any such future challenges again;-

The BERT Monitoring Committee, an independent sub-committee of the Social Partnership with additional representation from the Domestic Barbados Creditors Group (“BCG“) is primarily responsible for monitoring the progress that the GOB is making in respect of its commitments and targets agreed in the Memorandum of Economic and Financial Policies (“MEFP“) agreed with the IMF within the Extended Arrangement under the Extended Fund Facility for Barbados (“EFF“).

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