IMF Staff Concludes Visit Post BERT

The following IMF report was re;eased today – Barbados Underground

December 7, 2018

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board meeting.

  • Barbados has made an excellent start in implementing its ambitious and comprehensive economic reform program.
  • The rapid completion of the domestic part of the public debt restructuring has been very helpful in reducing uncertainty.
  • The government has engaged in intensive discussions with the social partnership to build public support for its economic reform program.

At the request of the Government of Barbados, an International Monetary Fund (IMF) team led by Bert van Selm visited Bridgetown from December 4-7, to discuss implementation of Barbados’ Economic Recovery and Transformation (BERT) plan, supported by the IMF under the Extended Fund Facility (EFF). At the end of the visit, Mr. van Selm made the following statement:

“Barbados has made an excellent start in implementing its ambitious and comprehensive economic reform program. The country’s international reserves, which reached a low of US$220 million (5-6 weeks of import coverage) at end-May 2018, have more than doubled since then, amounting to more than US$500 million in early December. This has helped to rebuild confidence in the country’s macroeconomic framework.

“A comprehensive debt restructuring was announced on June 1, 2018. After intensive discussions, an exchange offer for domestic debt (Barbados dollar-denominated) was launched in early September. On October 15, the government announced reaching agreement with an overwhelming majority of domestic creditors, with support of all commercial banks, general and life insurers, the National Insurance Scheme, the Central Bank of Barbados, and smaller creditors. The domestic debt exchange operation was finalized on November 19. The rapid completion of the domestic part of the debt restructuring has been very helpful in reducing economic uncertainty, and the terms agreed with creditors will help put public debt on a clear downward trajectory. A much-reduced government interest bill will help create much-needed fiscal space for increased social spending and investment in infrastructure.

“Progress being made by the authorities in furthering good-faith discussions with external creditors is welcome. Continuing open dialogue and sharing of information will remain important in concluding an orderly debt restructuring process; completion of the external debt restructuring would help further reduce uncertainty.

“The government reported a primary surplus of 2½ percent of (annual) GDP in the first six months of FY2018/19 (April-September 2018). In October, the authorities launched a program to improve efficiency and reduce the public wage bill by laying off and retraining workers in the central government and public entities. This should help create a leaner, more efficient public sector, geared towards facilitating private sector-led growth. It should also help reduce central government transfers to state-owned enterprises, from a level that had become unsustainably high. In November, the authorities announced plans to modify the corporate income tax (CIT) framework, seeking to unify rates that apply to the international business sector and local enterprises. There are some risks to this reform, including making corporate income tax revenues more dependent on maintaining international competitiveness.

“Barbados has also made good progress towards meeting end-December 2018 structural benchmarks under the EFF. In October, a regulatory sandbox for fintech start-ups was created to allow them to try out new technologies in a well-defined and controlled space. Legislation to facilitate a more efficient process for providing construction permits is underway, as is legislation to support a more efficient budget process, and stronger oversight of SOEs.

“Following IMF Executive Board approval of the EFF on October 1, 2018, both the Caribbean Development Bank and the Inter-American Development Bank approved policy-based loans. These operations, worth US$75 million and U$100 million respectively (a combined 3½ percent of GDP), will help finance the government, rebuild reserves, and support the reform process with policy advice.

“The government has engaged in intensive consultations with the Social Partnership to build public support for its economic reform program. In October, a BERT Monitoring Committee was set up, and tasked to report to the Social Partnership and the public. Strong ownership and broad societal support bode well for successful program implementation and helping Barbados to achieve better living standards for all its citizens.

“The team would like to take this opportunity to thank Barbados’ authorities and the technical team for their openness and candid discussions.”

IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Randa Elnagar
Phone: +1 202 623-7100Email: MEDIA@IMF.org

129 comments

  • de pedantic Dribbler

    @Hal, re “What do you want me to say about the land of my new citizenship (I presume) or residence?”….not a thing, not a thing!

    So let’s flip that around: What do you perceive you shold stop saying about the land of your first citenzenship and old residence?

    If you have UK aphasia 😂 who am I to note how quickly you regain full faculties for overly negative Bim palaver…so if you cant speak then you cant speak…all good, oh lordie!

    @Mr Can’t Discern Doc, this is no myopia definition folly… I now realized hat I omitted punctuation…there was no opening ” marks…so you are excused for your erroneous: “THIS STATEMENT WAS MADE BY DPD …”

    It was NOT made by me…

    … but then again any careful reader of my opening para who also noticed the set of ellipsis AND the closing quote marks would have discerned the statement was a tad more than my words…but alas, this man who pompesettes on his word skills but argues stupidly on the meanings of myopia choose to “monkey up” a simple post.

    Pls note the quotations marks around ‘monkey’, I am merely echoing words from your governor! 🤣

    You need not dare me to anything senor, in simple terms you have shown here repeatedly that a good education though as cherished and valuable as it always should be, can also be used like how that doctor used the ‘bone saw:’ as a destructive implement.

    Go play with your educational saw!

    Like

  • Hal should tell us if it is true that poor families have been waiting over 15 years for social housing in his beloved Brent (according to Gabriel). Further, how many people/families across the entire London are on the housing waiting list? What about in the richest boroughs, where Russian oligarchs and other billionaires buy entire blocks and leave them empty? How many residents from Grenfell have been rehoused 18 months on? Like I said before, the UK didn’t stop Bajans from visiting or moving to the UK right after Hal plus there’s something called the INTERNET and I don’t mean google.😂😂 You’re the same “expert” that refused to accept the point made by me and the blogmaster that online shopping was decimating brick and mortar. Your neighbours may very well be already in tears.

    Like

  • The sting of the austerity measures on barbadians would never go away no matter how much sweet talk the IMF places in front of rhe people
    The long and short of the IMF measuing stick is one that is short on formulating a balanced economic plan without long term suffering and pain on the people
    No matter how much the IMF tries to use a rod of distraction to remind all and sundry how better things would become
    The policies under which a small nation has to endure cannot be overcome with reminders

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  • ‘@Enuff,

    All this will take a book. I do not love, or hate, Brent and drive through it occasionally. I am not aware of how many people are on the London housing waiting list, but there are too many. That information is available from the relevant authority. I do not know anything about the richest boroughs, or do I know any Russians. I am not aware of the Grenfell Tower statistics, but am waiting for the inquiry to report. I am not an expert on anything, as I have said on numerous occasions. I am not even an expert wat walking. As to the internet and bricks and mortar shopping, there is an impact, but the internet will not wipe out the high street. And my Australian neighbour is always joking and laughing.
    Anything else?

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  • DPD

    RE If you have UK aphasia
    WHAT IS AN APHASIA?

    WHAT IS MYOPIA?
    WHAT IS AN educational saw?
    WHAT IS AN EMERGENCY POSTMORTEM

    DO YOU ALSO ASK MEN TO GET BEHIND YOU LIKE BU’S TOP BRASS BOWL AND PROVOCATEUR WID DE WHACKER WHO WAS ADOPTED BY SOME BBE

    CAN YOU ANSWER ANY OF THESE QUESTIONS…….ESPECIALLY TEACH ME ABOUT APHASIAS

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  • Lawd you interpret neighbour literally…look I done. #fauxintellectuals#jesustakedewheel

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  • Mariposa you are a sickening indivisual,everyday since your party got rightly redwashed you on here talking about poor people,tell me did the over 3000 sent home receive any thing in their hands and secondly has the beautify workers who were sent to a non existent Tribunal receive all their money up to today?I did not hear your voice back then talking about poor people being sent home why?This was because your party was sending them home,hyprocrite.Do you remember the name Ms L Marshall who you placed all her her personal business on this blog in defense of your party?All of us are sorry to see layoffs because of in my view incompetence of your party but both you and T Inniss can save us the crocodile tears,you are fooling no one ,you are still angry over the redwash.As for Waru my point stands you are a know all who in my view never run a breadshop yet and no one has elected piece or yourself to run anything.

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  • How do you Yardfowl know what I have run, as I said, yall are notorious for being Grade A idiots..not even worth listening to cause ya are always the last to know anything ya political masters do…yardfowls wait for ministers to think for them then they slither onto the blog and regurgitate all the dumb crap and make themselves look even more stupid..

    Don’t worry…ya will soon find out what is really going on…..we who were not elected cannot be thrown out of parliament 29-0 though…soon come…tick, tock…when those diplomatic passports and shit titles are TAKEN AWAY by the majority population…then ya will know…ask the DLP yardfowls and Donville..

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  • “These are mere useless “dreamy dreamy” words. It has been documented that the private sector in Barbados thrives on bribing politicians, and hates competition of any kind. The annual Auditor-General reports show clearly how civil servants and private sector operatives conspire and collude to steal taxpayers’ money with no fear of repercussion or reprisal. Looking through the eyes of Bajans, these nationally destructive criminal practices are expected to continue unabated. A leaner, more efficient public sector my foot. Private-sector led growth my foot. Just words.”

    That is their curse and blight that will NEVER go away until it is cleaned up…it will guarantee that investors will say the hell away from them ALL….no one likes THIEVES…and no investor wants to be associated with a nonfunctioning Supreme Court filled with thieves for lawyers and bribetaking judges…

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  • Waru

    Man you did saying the same shite over and over for how long now?

    In the worst of times how many investir came here?

    Sandals came in bad times and there expanding

    How many other Bajan entities get take over but external sources during the worst of time under the DLP?

    Ross coming and the thing in St George coming and these are early day in the country turning around

    But continue shoveling your shite bro
    You and Hal

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  • And who is benefitting??

    YALL STILL cannot pay your debts..

    All ya doing is borrowing, borrowing, borrowing and will continue to do so for the next 4 years 5 months…so who is benefitting..

    ya borrowing so ya can borrow…so far..how much debt has been repaid????…name one debt that has been repaid….clown.

    Again…too dumb for ya own good..

    I have never seen so many RETARDED, BACKWARD ASSES…so HAPPY to be in DEBT…

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  • Take note…all businesses that are being acquired…are marching right off the island…even SOL…so who is benefitting…certainly not you or the majority population…and ya have not even heard the latest yet, but I will certainly not be the one to tell ya..

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  • THE BLOGMASTER WAS QUICK TO UPLOAD DEFINITIONS FOR MYOPIA AND DNA WHEN HE THOUGHT I WAS WRONG IN SHARING MY OPINIONS ABOUT THEIR PRIMARY DEFINITIONS

    THE DEVIL CAME UP FROM HIS PIT IN HIS LAIR IN THE ABYSS TO OPINE

    TODAY DPD THE BU POLITICAL SAGE TRIED TO EXCORIATE HAL AUSTIN WITH RESPECT TO UK APHASIAS, BUT HAS SO FAR BEEN ABLE IN HIS IGNORANCE TO TELL US WHAT AN APHASIA IS. SO LET ME SHARE A FEW THOUGHTS THEREON.

    FIRST THERE ARE SENSORY APHASIAS AND THERE ARE MOTOR APHASIAS.

    ALL OF US WHO WENT TO CHURCH AND SUNDAY SCHOOL KNOW WHAT A MOTOR APHASIA IS AS IT IS EXEMPLIFIED IN Luke 1:5-25 WHERE THE Birth of John the Baptist IS Foretold

    yOU WILL RECALL THAT Zechariah REFUSED TO BELIEVE THE ANNOUNCEMENT OF THE ANGEL, AND WAS STRUCK DUMB BY RECEIVING A LESION IN BROCA’S AREA OR AREA 44 IN HIS BRAIN. THIS IS THE AREA THAT CONTROLS SPEECH.

    AS THE STORY UNFOLDS WE SEE THAT ZECHARIAH THOUGH BEING ABLE TO RECEIVE AND INTERPRET SENSORY INPUT TO HIS BRAIN, I.E HE COULD UNDERSTAND INSTRUCTIONS BUT COULD NOT USE HIS MUSCLES FOR SPEECH……….HE HAD A MOTOR APHASIA

    I HOPE YOU ALL LEARNED A BIT ABOUT APHASIAS THERE

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  • Waru

    Yuh switching

    You did saying no investors coming

    Point out to you that investors did coming even in the worst of time u switch to paying debt

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  • Is the great industrial super doper USA debt free?

    No one is proud to be in debt but most people know at some point in time u have to get a loan mortgage or some kind of investment if u want to move on

    6 months just gone
    Debt is schedule to be paid in 21/22
    There is more to the new loans than paying off dept when there is also a need for FX to keep the country economy going
    And for reserve in case of natural disasters

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  • Retard..the Credit Suisse debt is OVERDUE…20% of the debt is EXTERNAL…

    Both governments landed the island in DEBT….over the last 25 years…

    It will take another 20 o 30 yeas before investors risk their money in Barbados..maybe by then ya might actually have a real supreme court and not the current swamp of corrupt rats infesting that dump…

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  • Barbados Underground Whistleblower

    Wonderful Progressive Barbados Asses running and dodging paying LOCAL DEBTS and this is December 2018. Barbados is a failed dismal island ran on corruption and incompetence.
    xxxxxxxxxxxxxxxxxxxxxxxxxxx

    Staff of the Barbados Water Authority (BWA) could be locked out of their Pine, St Michael headquarters.

    So fearful is management of this occurring that they moved all of the entity’s trucks, tankers and other equipment from the Pine on Friday to ensure they would have access to them if the building is locked down on Monday.

    That is because the BWA has defaulted on the lease payment, and Innotech Aquaserve Ltd, landlords for the $44 million complex, issued a letter to the public utility company on December 5, giving it 48 hours to come up with the cash.

    Sources told THE NATION that workmen spent several hours on Friday moving equipment off-site to the Bridgetown Sewage Treatment Plant complex at Lakes Folly, the City; the pumping station at Golden Ridge, St George; and the Barbados Defence Force headquarters. (MB)

    http://www.nationnews.com/nationnews/news/221272/bwa-staff-lockout

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  • CS loan is overdue and they have to wait until the external debt restructuring is completed just like everybody else.

    Until then the new loans will help with supplies for the hospital etc.

    If a hurricane do to Barbados like what happen to Dominica or we had an earthquake like what happen to Haiti it is then you want we running cap in hand begging other countries to help us rebuild?

    You like hearing there is a shortage of drugs in the island or broken down equipment at the hospital causing delay in surgeries and dialysis and that kind of thing that was happening under the last government?

    Well your ass don’t live here so if Mia got to borrow some money to keep thing running then we that here, living under the strain, with she.

    You would prefer we stand with the pothole roads, irregular trash pick up, 4 hrs wait for bus to go in the countryside, all kind of sick buildings, exposed to natural disasters, and lack of medical supplies.

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  • Barbados Underground Whistleblower

    EXCUSES EXCUSES EXCUSES

    BARBADOS IS A FAILED CORRUPT AND INCOMPETENT ISLAND FROM TOP TO BOTTOM.

    YOU IDIOTS DON’T KNOW WHEN YOU BORROW OR GET CREDIT MUST PAY BACK INSTEAD OF LINING POCKETS FOR AT LEAST 30 YEARS.

    CHICKENS 🚺 HAVE COME HOME TO ROOST.

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  • Barbados Underground Whistleblower

    @ John2

    I guess your Government wasn’t successful in pulling the wool over Innotech into taken useless junk bonds stretching payments over hundreds of years.

    TIME TO PAY THE PIPER OR REPOSSESSION.

    BARBADOS IS A FAILED ISLAND AND LAUGHING STOCK OF THE CARIBBEAN BROUGHT ON BY INCOMPETENCE AND CORRUPTION FOR AT LEAST THE LAST 30 YEARS.

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  • Barbados Underground Whistleblower

    @ John2

    Even poor Guyanese in Guyana worried about being ripped of by Barbados based on Bonds purchased through a major entity.

    GBTI’s minority Shareholders (39%) should demand forensic audit in the interest of all other stakeholders

    Dear Editor,

    Permit me space in your letter column to thank Mr. Rustum Bulkan for having referenced my analysis of GBTI’s 2017 Financials in a letter carried by this publication on June 19, 2018. Mr. Bulkan, in his letter carried on November 29, 2018, echoed the very concerns that I had highlighted in my writings in which it was explicitly concluded with the burning question, who is representing the interest of the minority shareholders?
    Without regurgitating much of the analysis previously done, that institution, we have established, is obviously financially weak and is very vulnerable to further exacerbated deterioration of its financial soundness especially in the absence of sound, professional and competent leadership.
    With regard to the financial analysis, another interesting point that should be highlighted which was not mentioned in the earlier analysis, is that, the Bank of Guyana Supervision Guideline No.5 Section 15 states, “An account shall be written-off three months after being classified as a loss unless it shows a definite and significant improvement, which indicates recovery within the next six months. A record of bad debts written-off shall be maintained in a memorandum account for monitoring purposes.”
    That being said, if one were to scrutinise and audit the bad-debt portfolio of GBTI, which is in excess of some $11 billion, it is almost certain to find billions of non-performing loans that are still reported on the balance sheet, that should have been written off in keeping with the statutory requirements.
    To this, GBTI may want to respond saying that these loans have been renegotiated, or in fact, this is what they have been doing; renegotiating many bad loans only to revert to being bad, and this is a shrewd and skilful way to avoid having them written off, because writing off these loans, would mean that the bank’s balance sheet would be weakened even further
    It would have to come from their reserves, bearing in mind that the loan-provisioning is already under-provided for by over $4 billion, so this would mean less real profit for the bank and less dividend paid to shareholders.
    So, from almost every dimension, GBTI, a once financially sound and healthy bank, is being destroyed by its careless and irresponsible Board of Directors – viz-a-viz, reckless financial management and questionable governance philosophies.
    Now, to wrap this up, and to further complement and build on Mr. Bulkan’s contentions, hereunder stated are a number of crucial factors of concern to which, it becomes imperative that GBTI issues a public statement to answer these questions in the interest of all stakeholders, particularly the minority shareholders:
    • From looking at the 2017 balance sheet under investments, GBTI has $7.8 billion in securities issued by foreign governments (including CARICOM countries), and $7 billion in corporate bonds giving rise to a total of $14.8 billion.
    In the interest of transparency, how much of this investment is concentrated in the Barbados Government Securities and how much is concentrated in Petrotrin Trinidad &Tobago? Both of these institutions have undergone massive restructuring of its debt owing to the structural reforms of the Barbados economy

    https://www.kaieteurnewsonline.com/2018/12/07/gbtis-minority-shareholders-39-should-demand-forensic-audit-in-the-interest-of-all-other-stakeholders/

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  • Continue to look for everything negative story about Barbados and post it.

    Continue to use multiple monikers taking others for idiots.

    Time is longer than twine.

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  • This govt has heavily relied on Fake news and political propaganda as a way of easing the pain and multiple pressures it had placed on the people but as David states in his comment Time longer than twine and sooner rather than later the truth would come out
    Govt time of hiding would come to an end

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  • This tiny island has been sold out and the media is amongst those auctioneers who have put barbados and barbadians on the auction block for whosoever will take advantage of its people
    A country now being taken over by the new state propaganda machine called the IMF who now sees only their interest to be that of priority while the people in this holiday season is left scraping the bottom of the barrell to make ends meet

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  • Wonderful..and Mia STILL don’t want to lock up Lowe and Estwick for that scam against taxpayers…whose money built the building…why does Innotech own the lease…

    “That is because the BWA has defaulted on the lease payment, and Innotech Aquaserve Ltd, landlords for the $44 million complex, issued a letter to the public utility company on December 5, giving it 48 hours to come up with the cash.”

    “Well your ass don’t live here so if Mia got to borrow some money to keep thing running then we that here, living under the strain, with she.”

    I actually have NO SYMPATHY FOR MIA …not on that score, she does not WANT SYMPATHY…she knows where all the STOLEN MONEY IS BURIED OFFSHORE..,.refuses to recover what was STOLEN FROM THE PEOPLE BY HER FRIENDS…none of that engenders sympathy in me…I will reserve my sympathy for those who are REALLY SUFFERING FROM THOSE THEFTS.

    Wait until the other shoe drops…ya ain’t seen nothing yet.

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  • People are FAILING TO SEE…that if Mia WOULD FOR ONCE…put her foot DOWN…and remember she is there to PLEASE, PROTECT AND APPEASE the BLACK POPULATION WHO ELECTED HER…not the minorities of Barbados and not her TIEFING DLP friends…., she will see the difference WHEN and IF…she actually TAKES LEGAL ACTION….against those who stole from the people..

    As long as she knows that she will be facing a very PISSED OFF electorate come 2023…..2018 LIES will not work in 2023….so let her continue protecting the criminals instead of the PEOPLE WHO ELECTED HER.

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  • Mia is no.position or even have the moral authority to call any one out on corruption
    She knows that and also a reason why she keeps mouth closed on such issues
    However was able to blindside flooish bajans talking about transparency a road which was less travelled when she was a minister in the OSA administration
    How is it even possible for Mia to open her mouth and pretend to want to uncover deeds of corruption when in her govt she has ministers whose names are associated with illegalties and immoral behave and she does Nothing
    Wunna got to be foolish .Ditto..

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  • Ok then…since Mia dont want to do RIGHT BY THE BLACK PEOPLE WHO ELECTED HER…her ass ain’t start SCRAMBLING YET.

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  • She is the one has to deal with that…she LIED TO THE PEOPLE…all of this is FAR from over, she got a whole lot of scrambling to do with what is coming at her next..

    That is what happens when BLACK people with titles given to them by the people…DON’T want to take care of and PROTECT THEIR OWN …against criminals..

    ..when ya protecting the criminals INSTEAD…ya are bound to fall into the SAME PIT ya dug for ya own people,.

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  • Ah wonder what the IGNORANT BU yardfowls have to say now.

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  • People are not failing to see nothing . People fell for a campaign strategy of self-interest hoisted under a banner of ” Change” now known as the “Big lie”
    A lie that must continue !A lie that would keep people running around like chickens with head cut off
    A lie which is now been used to whip people and media into submission
    A lie which can not be a change and a hope for making things better
    Hence we now have a closed knit make belief organisation called the IMF along with the OECD that pretends to be that of helping barbados out of debt when in fact it has been able to take the power out of govt hands by way of asserting policies to the people that does the people no good

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  • People voted AGAINST the most stupid, arrogant, retarded, insipid and asinine political group that has EVER been assembled in Barbados.
    Bajans would have voted for the PDP (and CERTAINLY a well presented BUP) instead of the bunch of shiitehounds that constituted the DLP….or the retarded remnants of the tainted BLP…

    But Caswell did NOT BUP…

    There is therefore NO BASIS for any serious expectation that the BLP would have been any better.
    ….there was only HOPE.
    ….and as Sir Fuzzy reminds us, Hope is a place isomewhere… – not any realistic possibility.

    The BLP is just hopeless.
    They are bound by skeletons in many closets…
    They are like children in a maze …completely mystified and running around in circles
    They do not know what to do
    They do not know who to trust
    They are merely REACTING to the urgent CRISES that the stupid DLP have incurred on us in their folly…

    To conflicate two cliches….
    Bajans had Hobson’s choice …. and now are in the inevitable catch 22…

    Grass is inevitable.

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  • Bushman…ah gotta tell ya…this is something we saw coming 3 years ago…but the HOUSE NEGROS refused to hear…they put their yardfowls on the blog to cuss us instead….then the bitches got 30-0…

    But now….the REALITY is right around the corner….new yardfowls are now cussing us….BUT…the BLP MOFO’s just like the DLP MOFO’s….as usually happens when ya got BLIND NEGROS…cannot SEE what is really happening here….

    Ah more than ready to LAUGH….after it happens…

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  • Whistleblower

    What going on at BWA is exactly a case why the government has to borrow

    Imagine this happen all through government, the hospital and the supermarket because we had run out of FX.

    We would have be little venezuela by now or quickly heading there!

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  • “with the OECD that pretends to be that of helping barbados out of debt when in fact it has been able to take the power out of govt hands by way of asserting policies to the people that does the people no good.”

    They DESERVE TO LOSE POWER…the same would have happened under the corrupt jokers from DLP….THEY ALL WORKED HARD TO LOSE POWER…they worked OVERTIME…they would not listen….

    None of them DBLP ever genuinely cared about the BLACK MAJORITY population who elected them…they only ever cared about BRIBERY and CORRUPTION….filling their OWN pockets…. inflating their offshore accounts, being seen with the nasty, lowlife thieves in the business community….and helping them ROB THEIR OWN PEOPLE….they DESERVE TO LOSE POWER…they wanted money…they got money..

    If they had even a modicum of intelligence. ..they would be asking themselves….WHO MADE SURE THEY LOST POWER.

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  • People have a right to vote for or against things or people that does not serve their interest
    However in a case where people were mislead and bamboozled their was no choice especially when a big Fat lie was placed in their face
    Which reminds of the story of Adam !Eve!the snake and the apple
    The resistance to a lie was not strong enough to see the difference between right and wrong for Adam and Eve and so is the case for barbadians who bite of the fruit and the result is four long years of punishment

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  • 4 + 10 = 14

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  • Stop taking shite…yall lied to Bajans just as much and now ya bribemasters Cow, Bizzy, Maloney etc don’t want to SEE, let alone SMELL ya black asses….they got ya fellow slimy fish to FRY.

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  • Before this Government came to power some of the same critics on this forum were saying that the last election was an election to lose and that whoever wins will have to make critical decisions to save the country from total collapse. Well a new Government was installed and they are making critical decisions some like layoffs and and a thirty member cabinet with I do not agree but I will not be on elective trial five years from now so I can sit back and criticise all I like. The point is they are making critical decisions with which we will not all agree but they are making decisions. The semantics from some of us notwithstanding, no matter how the report is worded the IMF has given us a pass much better than the failing grades we have had before.

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  • Let me add this silly note.

    I have traveled elsewhere and take pleasure in observing how organized countries like Denmark and Holland are. As you talk with citizens, they may complain about high taxes but you will get the feeling that they know the standard of living of their average citizen is much higher than that in many other places.

    As you sit in your hotel and reflect on Barbados, you ask yourself “Where did we go wrong?” Our citizens are intelligent and ‘well-educated’ and many of our citizens leave the island and make significant contributions in other countries. “Why couldn’t they make this contribution at home?”

    You come to the conclusion that despite our limitation in size and natural resources our little Barbados had the foundation to be a place to be proud of; and the inevitable question follows “Where did we go wrong?”

    I often like to compare the development of Barbados to that of Singapore and believe that the fault lies in one of two places (1) the leadership or (2) the people.

    The people
    Is it our docility?
    Is it our belief the political class will do what is best for the country despite evidence to the contrary?
    Is it that the population is split into two groups , one of which will be supported by the party in power and the other will suck salt until it is their turn at the wheel?
    Is it that our educational system is not geared toward national development but rather in the pursuit of two or three types careers (doctor, lawyer and engineer)?
    Is it that we inherited an education system geared towards creating ‘colonial officers’ and not toward leading an independent developing nation? A system that cannot and will not adjust to changes in technology …

    I believe that our people can be as creative as those in Singapore, but the ‘sandbox” that they are allowed to play in need to be dismantled and replaced.

    The leadership?
    A colossal failure. I do not have much more to say.
    The islands of the Caribbean became independent around the same time as Singapore. But yet the trajectories of these islands and Singapore are quite different. Indeed as alluded to earlier, this two party system has split in the islands into two large camps and at the end of every five years we go about reinventing the wheel. One can conclude that only in the areas of corruption have we made any advancement.

    Where is our Lee Kuan Yew?

    I remember staying in Trinidad in the early 80’s and hearing the energy of the country humming in the atmosphere. The cry was “Money is no problem”. So vibrant was the country that I felt there was no limit to what Trinidad could achieve. Trinidad, just like Barbados, failed to live up to its promise and Trinidad may just be a richer version of Barbados. Barbados, Jamaica, Trinidad, Guyana all can be classified as a failure to launch.

    If Barbados was punching above our weight and this is where we are, can you tell me what is our weight class? We were lulled to sleep and accepted our mediocrity as excellence.

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  • No matter who is in power as select few enjoy the fruits of the land.
    Meanwhile ‘limited range chickens’ who were hungry become fattened and the limited range chickens who were fattened begins to lose weigh.

    COW, BIzzy and Maloney do not lose weight no matter who is in power.
    I wish I had their diet plan.

    Like

  • @Theo,

    So, is Barbados a failed state?

    Like

  • I hope the Miller is OK…
    His bowling was becoming ineffective, but I hope this did not discourage him.
    Wherever you are Miller, I hope you are doing well.

    Like

  • I do not like to compare Barbados to Singapore. There is no difference in the governance iof Singapore and that of a fascist state or a communist state.Both systems thrive on restricting freedoms of the people in varying ways.

    Like

  • What this govt has done is an extreme policy of making the poor pay for the rich
    A policy so far which has seen the rich benefited while the poor suffer
    A policy so far which has turned over a big chunk of the treasury to the rich in tax waivers and tax cuts while unleashing penalties on the poor
    A policy so far which has increased unemployment a policy which would hurt local businesses and give reason for lay offs in the private sector as the flow of revenue becomes stagnant because of lack of local spend
    The IMF is in the drivers seat and can be happy with the six months of their austerity plans as a foolish and devlish govt unleashed suffering and pain to appease them
    How else can the IMF praise govt except by handing them a word of praises

    Like

  • Barbados Underground Whistleblower

    I didn’t make the News I only post the TRUTH AS EXPOSED BY OTHERS.

    Like

  • “Our citizens are intelligent and ‘well-educated’ and many of our citizens leave the island and make significant contributions in other countries. “Why couldn’t they make this contribution at home?”

    They are not ALLOWED to…the same criminals Cow, Bizzy, Maloney et al…MOBILIZE their house negros in parliament and in the bar association…to make sure THAT NEVER HAPPENS..

    And as for your BLACK CREATIVES DOMICILED in Barbados…their work is stolen by the same criminals, they are marginalized, disenfranchised criminalized and sidelined…until they too have to RUN from Barbados…that has been happening for DECADES..

    Ya house negros ARE TOXIC.

    But what house negros dont understand is…WHOSOEVER DIGGETH A PIT…SHALL FALL IN IT…SHALL BURY IN IT.

    ah done spelling out everything.

    Like

  • “If Barbados was punching above our weight and this is where we are, can you tell me what is our weight class?”

    Weight class is DEBT..

    the clowns in parliament continue to live in a fantasy world of their OWN MAKING…give them shite titles and some bribes and they all believe THEY HAVE ARRIVED and are better than those who elected them…mediocrity is their hallmark.

    Like

  • Barbados Underground Whistleblower

    @ WARU
    And as for your BLACK CREATIVES DOMICILED in Barbados…their work is stolen by the same criminals, they are marginalized, disenfranchised criminalized and sidelined…until they too have to RUN from Barbados…that has been happening for DECADES..
    xxxxxxxxxxxxxxxxxxxxxxxxx

    THIS IS %1000 FACTUAL

    Like

  • @Charles skeete December 9, 2018 10:40 AM

    This is your typical Barbadian response. In fact, one might say it is the global typical middle class response in most places.
    Essentially, be proud we still have fair elections, a bloodless transition of power, and now let those selected do their thing, there are some positives in the initial months.
    Yet is it ‘deja vu all over again’?

    Like

  • Mariposa

    Please tell what the IMF is gaining beside the interest on its loan?

    How is sending home some goverment workers going to profit the IMF ?

    Etc

    Give me a real good break down

    Like

  • millertheanunnaki

    @ TheOGazerts December 9, 2018 11:38 AM
    “I hope the Miller is OK…
    His bowling was becoming ineffective, but I hope this did not discourage him.
    Wherever you are Miller, I hope you are doing well.”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++

    Thanks for the kind ‘shout-out’, O’Geezer!

    Decided to take a sabbatical to rise above the mundane in order to postpone that date with destiny to eventually meet Bushie’s Big Boss Engineer shining like an eternal ball of fire in the Sky.

    Wouldn’t exactly agree that my ‘bowling’ was becoming “ineffective” but more of a case of being bored.
    Why deliver your best ‘yorkers’ to third rate batters holding the No. 10 & 11 spots?

    Why not leave the intellectual pickings to the small fry like the ‘ecky-becky’ bottom-feeding John who believes in a Trump-like white god that made the universe in 6 days and actually allowed black people to be enslaved for their own ‘development’ by their white Christian masters?

    Why must the miller cross ‘intellectual’ swords with the likes of Lexicon the born-again Dompey aka Mark Fenty whose anal innocence was taken away behind District ‘A’ Station walls many moons ago?

    The scalps of the heavy hitters had already been taken.
    The IMF is now in town as predicted long ago. It has now become the pied piper and banker of last resort to whose tune the government and people of Barbados must march for the next 10 years.

    Thanks to the good connections of MAM the Bajan dollar has been given a stay of execution; at least until the end of the coming winter season.

    Given the recent financial revelations it is crystal clear the Barbados Water Authority being prepped for the privatization block.

    How could a utility be so badly mismanaged- financially and otherwise- with no big ‘heads’ attracting Pachamama’s guillotine-like device? Many other SOE’s will soon follow the path the IMF has already mapped out for them.

    The Mary Jane genie will soon be out of the bottle and every “entrepreneur” will soon be cashing in on the plant called Satan to be apotheosized into a commercial snake called Ophiuchus & Co.

    The question is: Why only medical marijuana to be invited to the money table?
    Who will be the licensed importers and whose foreign exchange would be burnt up in making these commercial killings? The recently negotiated IMF lifelines?

    What about the local growth and production of the same plant? Why not turn the ‘lady-grass’ into a Queen to replace the dying king Sugar?

    Why not decriminalize the whole kit and caboodle to make the mary jane business a legitimate and indigenous-driven commercial enterprise in order to empower economically the ‘black’ section of the society who took the brunt of the penal flak for ‘falling in love’ early with a plant deemed to be the Devil?

    Where are the Reparations for those who have been brutalized in the past (like their enslaved ancestors) by a backward thinking copycat judicial system?

    Like

  • So Miller yuh were part of the doom and gloom brigade for the past ten years
    So now the doom and gloom has engulfed many bajans household as the IMF use it surgical scapel to remove and gut the civil service
    What do you have to say ?
    It notice you went into hiding when the angel of doom and gloom arrived on the barbadian door step but was shamelessly forced out of your hiding hole

    Like

  • maybe when he saw the angel of death appear he sought to get a lamb……..THIS EXPLAINS WHY HE WENT AWOL………….but he was rejected by THE LAMB.

    Like

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