To make the harsh observation: Our foreign reserves would have dropped to $1.3 billion if not for that $167 million from the sale of the BNB shares….Was that sale strictly for window dressing purposes to impress the IMF and the ratings agencies? It would have meant 4 continuous years of declines in the year end foreign reserves.
Related Link: Review of Barbados’ Economic Performance for 2012 and Prospects for 2013 (text)
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