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Political economist Professor Don Marshall has cautioned that Barbados’ programme with the International Monetary Fund (IMF) will limit Government’s ability to help struggling micro, small and medium-sized enterprises (MSMEs).In fact, stopping short of saying the IMF did not care about the development of the sector, the Director of the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES) argued that the Washington-based financial institution disapproves of state assistance to stimulate those businesses.Prime Minister Mia Mottley announced earlier this month that the Government will be seeking to enter another IMF programme when the current arrangement expires at the end of the month, saying that the Fund is the cheapest form of financing available. Her administration is seeking US$130 million under a three-year programme to support another Barbados Economic Recovery and Transformation (BERT) plan.“The IMF’s lending comes with restrictions on your public policy ma
A University of the West Indies economics professor cautioned people in the micro, small, and medium-sized enterprises (MSMEs) that the Barbados government may find it more difficult to help the sector when the island moves towards the International Monetary Fund (IMF) for another external fund facility (EFF). Director of the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES), Professor Don Marshall told the Barbados Small Business Association (SBA) …
Cut the working hours of public servants to five hours for the same pay and allow them to channel the remainder of the time in family care or entrepreneurship, says Professor Don Marshall. The director of the Sir Arthur Lewis Institute of Social and Economic Studies at the University of the West Indies, Cave Hill, made the call while delivering the Astor B. Watts lunchtime lecture yesterday at the Democratic …
Noted academic Professor Don Marshall says the relief measures the Mia Amor Mottley administration is implementing to help Barbados weather the rapidly rising cost of living, is an indication that Government is willing to respond to the adverse circumstances the country is facing.The Director of the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES), at the University of the West Indies (UWI), Cave Hill Campus, said the fallout from the Russia/Ukraine War has led to a situation where the six months Prime Minister Mottley has earmarked for targeted relief is an appropriate time frame.“It gives the Government about three months before the end of the financial year to then look at the impact on social expenditure. But a government before had put forward the idea of free camps.