And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt; and the famine shall consume the land King James Bible–
For 7 years plus the Barbados economy has been contracting. The country has been running a deficit on current account. We have had to significantly reduce capex. And this is despite raking in unprecedented levels of revenue if the reporting from the relevant government agencies are accepted. There is a resignation by Barbadians to the fact those charged with managing the economy seem are unable to do so. The discussions everywhere is whether this is due to incompetence or other reasons.
If we are to buyin to the government’s mantra that we should strive to build a society not an economy, ‘recent’ developments in the country have served to challenge this objective. As if carrying the weight of an nonperforming economy on their backs like the proverbial albatross has not been the greatest burden- there is the evidence daily of the country’s infrastructure crumbling before our eyes. The sick South Coast Sewage Plant has occupied the newsfeeds on the domestic and international front in recent months. The prime minister FINALLY addressed the issue frontally by informing the country this week a request has been submitted to the IADB and experts to assist Barbados in addressing the problem. Bear in mind the leader of the Opposition Mia Mottley had informed the prime minister this was a problem waiting to happen two years ago. Like how most issues are dealt with in Barbados the politically expedient decision was taken, she was ignored.
Can you imagine this is the government that was this close to foisting a gasification plant on an island nation the size of which had never been built anywhere on planet earth?
After 7 years plus of economic famine, 2 plus years of a leaky sewage plant on the South Coast- today the local US Embassy slap Barbados with an advisory.
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