Countdown to the End of Barbados’ IMF Program

by Kemar J.D Stuart – Economist and Director Business Development , Finance and Investment Stuart & Perkins Caribbean

Government will be forced to decide the fate of Barbados very soon as the decision to enter into another International Monetary Fund (IMF) programme will be publicly known in some days ahead. In my analysis the Prime Minister may seek to table the proposed changes in legislation before September 30th 2022. In the press conference hosted by the PM she indicated that the NIS is not in crisis really but we must act now to save it. The rush to amend pension is the government following the dictates and timelines imposed by the BERT plan endorsed by the IMF.

Prime Minister Mia Mottley on May 13th 2022 told reporters at Ilaro Court that the current programme would end on September 30 , 2022 and discussions would begin once the mission report “passes the board” at the end of June.Mr. van Selm said Barbados had reached a staff level agreement with the EFF, following its latest review and once approved by the IMF Board in June, the country would have access to US $23 million in funding.

From the recent NIS political showcase with Actuary Derek Osbourne which caused serious civil & societal discomfort across the country . The GOB is going ahead to alter pension to meet the draconian proposals agreed to by signing the IMF program back in 2018. Pension reform is one of the major agreements the government agreed to enact and to date the government has not lived up to it’s end of the bargain with the iMF as the current IMF program winds up in 23 days and pension reform is still due.

The odd timing chosen by the Prime Minister to raise the NIS and pension reform conversation was not to sensitize the public about the NIS which she categorically stated is not in crisis but we must act now to save it was but a cliche is to hide the force and pressure being applied against Barbados to live up the agreement made with the IMF within the specific dictates and timelines imposed. This is why Bajans may have to work to 72 through no fault of their own.

My prediction is that the government may move swiftly to amend the pension before September 30th to avoid running over into the end of the IMF program. If no decision is made by then this will be an indication of the government’s intent to indeed enter into another IMF program come September 30th and pension reform will be a high priority requirement for the government to enact in the next program. The next program will be more difficult than the first including more cuts to jobs, deeper cuts to pensions especially non-contributory , cuts to SOEs, increased taxes and levies on government services, cuts in budgets to all ministries and to also privatize more government assets such as the GAIA airport which being leased out to an unknown we speak for 40 years and the water authority which is undergoing serious changes to it’s operations as we speak .

Prime Minister Mottley said that “From July, we will start discussing. Will we have a successor programme? If so, what type of successor programme? Will we go it on our own or is it time or is it right to go on your own when interest rates are rising globally? Or do you stay in the comfort of concessional interest rates by having a programme or working closely with the other regional development banks and international financial institutions . July and August passed and no discourse took place

The Prime Minister of Barbados mentioned the possibility of a roadshow in September to start to tell our story to the capital markets pointing out “whether we go back into an IMF Programme or not, we believe that our story, which is a credible story, has to be told, in order to be able to…get our way back to investment grade. Barbados was barred from capital markets because of the voluntary international debt default by the Mottley government in 2018 and in 23 days September comes to an end therefore the public should monitor social media over the next 23 days starting september 7th for comments from the Prime Minister surrounding Barbados’ fate in regards to signing another IMF program and proposed NIS reform.

346 comments

  • David

    The Chinese have a national development plan such that who ever is in charge must follow 5, 10, 15, 20 up to 100 years.

    Does Barbados have such a national consensus or is that too communism?

    Like

  • What Pacha said on the lack of sustainable industry is agreed.

    Pointless expecting improvement without this.

    However, all nations are now caught in the cold economic war between the five armies (used in the broadest sense).

    Unfortunately there is no end in sight to this, as the rulers are driven by deep ideological differences and the biggest driver of all, power.

    Some hard years ahead.

    Like

  • @Pacha

    You compare China to Barbados? Is China as vulnerable to exogenous shocks? Does China have an export led economy? What about China’s domestic market to compare to Barbados?

    Like

  • Pacha,

    A national development plan is just the common named long term strategic plan, as you know.

    I agree, any entity, including a government, that does not have a sound plan cannot progress.

    Lack of a strategic plan demonstrates a lack of appreciation for the available opportunities and weaknesses. Worse, that such has not even been considered.

    Like

  • Crusoe

    Yes. But we are divided against ourselves by following a political calendar where every 5 years who plans must changed for political reasons.

    This is what David does not want to confront.

    David

    But we’ve followed other people in the past and currently who were or are vastly bigger than us.

    Scale David, scale!

    Like

  • David,

    I agree with Pacha, of course there should be an exit plan, or at least, an improvement plan. It is obvious.

    And there are measures to address this, which the many expert consultants should have already proposed.

    “Should have”.

    If this is not addressed now, the issues will spiral. I am not sure that everyone appreciates the serious threats that are around the corner. What we have seen thus far are but the top layer.

    Example, civil servant salaries. To be blunt, it will not happen.

    How many ways can one say “de boat tekkin in wata”?

    This is why the “national conversation” is superficial. The issues are existential and need to be addressed as such.

    As I said, there is medicine, but it is bitter. However, if everyone truly understands, it can be swallowed.

    As I said already, it also requires a paradigm shift in culture.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Bottomline….they don’t have the intelligence and always hire overpaid consultants with the same disability, and always have their crooked tag-a-long minorities to lay waste to the people’s money. I wont give them the time of day let alone an idea or solution….so they can continue the same self serving shite….greedy and corrupt.

    Like

  • But Waru
    The Chinese experience could be helpful but all they want from China is the money to keep this shiiite going, not to transform it.

    Like

  • For example, are civil servants willing to accept a four day work week instead of a raise in pay?

    But with improved workflow efficiencies and embracing of technology, to become faster and more effective in output?

    That is but one small aspect, but with important cultural changes.

    Like

  • Crusoe
    We agree. Civil service salary increases, as much as we support workers always, do not make economic sense, are merely political.

    Like

  • I welcome the grand plan to remain in the IMF programme. This is our beloved government’s way of ensuring that our naive, native masses continue to be the slaves of international finance capitalism.

    The emancipation of 1834 was a charade. The fact is that our masses have never been more deeply enslaved than they are now. It is more likely that a plantation master will go to heaven than that we will get rid of the debt by traditional means.

    We are left with only one quite extraordinary solution, which puts every government in a dilemma: continue as before or sell people as cheap labour to Qatar in exchange for debt relief. Since our island is heavily overpopulated, this plan should be easy to implement without losing any really valuable manpower. After all, we have enough sleeping civil servants, beggars, welfare recipients and woke activists.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “But Waru
    The Chinese experience could be helpful but all they want from China is the money to keep this shiiite going, not to transform it.”

    That is very clear. The dumb as ass negros cant see that far ahead. China just recently one of the poorest countries in the world spent 15 years in Afrika and now about to take over…these backward little negros can’t see the big picture, they need tiefing corrupt minorities to do everything for them and tief everything in the interim because they are hellbent on pushing these tiefing racist demons to the front…..and now everyone knows that they cannot be trusted….they can go fcuk off, i have absololutely no use for any of them…their slaves fowls and pimps are welcome to them…assholes and some really stupid ones too.

    Like

  • @Pacha

    There is no issue with the need for a vision and a plan.

    Like

  • @Crusoe

    Agree with you in theory, however, in the same way we expect government to have an execute a plan, are we sure stakeholders will be aligned given the conspicuous consumption model we have adopted? Remember key sector players in Barbados are controlled by foreign players. How do their strategic objectives align with Barbados’ national goals? How will this further impact the investment climate.

    Like

  • @Pacha

    If the Chinese are investing and lending to Barbados to grow their influence, they should be vested in critiquing our model? Why would Barbados, a dot in the map risk alienation from the western establishment?

    Like

  • @Crusoe

    The public servants will get their raise and the struggle will continue for declining number of taxpayers.

    Like

  • @ David September 11, 2022 2:37 PM

    We are paying for a bunch of sleepers, underachievers and saboteurs.

    Like

  • David
    One thing we should have learnt from Barrow – friends of all, enemies of none.

    And be bold enough to tell both the Chinese and Americans this in plain words

    Are we independent or not?

    Like

  • David

    The Chinese will not interfere in the internal affairs of Barbados. If government has a project of governance transformation and asked them, then and only then will they entertain it.

    Like

  • @Pacha

    Whether we are independent is relative. Wouldn’t you say the geopolitical landscape had significantly changed since the Barrow era?

    Like

  • de pedantic Dribbler

    @David, on a totally different subject of “an end game plan” I was struck by a blaring headline that world leaders are scambling for invitations to ‘The funeral like no other’; ‘the diplomatic event of the century’ !

    The fact that this grand meetings of so many leaders is so closely dated to another grand event like no other that which we call ‘9-11’ is a highlight: a highlight for all intel services because it’s a highlight for all terrorist organizations!

    And oh btw I have no idea of the validity re the rather perplexing news of Duma elected representatives signing a misguided ‘no confidence’ petition against their leader Putin but I’ll say that this is a difficult unsettling moment… not an ideal climate for attendance at such a spectacle.

    But I am just a cynical old guy who reads too much spy and political fiction/fact stuff, yet I would be suprised if every intel agent from evey service worldwide has not been recalled from any out-of-office leave and guided with one critical mission: prevent any disruptions/assassination attempts during the QEII funeral.

    The Brits and allies will prevail … one demands … as a Lord Mountbatten type sail off into the sunset is just too hellacious to consider!

    Like

  • @ Pachamama September 11, 2022 3:07 PM

    China will not intervene because the political systems of both countries are very similar, so there is no need for intervention at all: strong people’s democracies and with a mighty Supreme Leader at the top. In a way, we are a kind of Chinese People’s Republic of the Caribbean, even if the Chinese work ethic will remain forever unfamiliar to us.

    Like

  • David
    You are a moving target.. Is Eric Williams just as irrelevant?

    Or William Demas.

    What about the British “luminaries” who you are want to quote, are they as irrelevant?

    Like

  • @Pacha

    Their messages are more relevant for that epoch?

    Like

  • David,

    Yes, the foreign player element is important, but these take .ore than they give.

    Not the international business companies, that is a truly symbiotic relationship, but others, who take the cream off the top.

    This is why national and pan Caribbean technology and other service providers are important.

    Truly, telecoms may be the pill to he swallowee, due to rhe vast invedtment needed. We rely on the international supplier.

    The rest, not so much.

    Like

  • David

    Yes. But they cannot be dismissed. Lloyd Best and all were grappling with some of these same issues long before us.

    Like

  • @Pacha

    Not dismissing at all, we have to be intelligent enough to filter what is relevant to current state versus the stuff with a shelf life.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    PUBLIC SERVICE:

    Does Emera understand what its own directive and notice from 9AM -4PM means and that we are in the middle of a full blown heat wave with young children and the elderly severely impacted….it’s after 5PM.

    Like

  • You fucking son of a bitch! The queen did not give me an island! My ancestors had a continent full of all the riches you lot kill for!

    This island is a barren rock!

    This barren rock was left to us with no resources to sustain it after the Brits extracted unpaid labour from our ancestors for centuries with which they built up their own countries!

    The rasshole people of Britain have not repaid their debt to my ancestors for their forced labour.

    If our palms are upstretched it is because we are too few in number to take up arms and reclaim what they stole by rasshole force!

    You are a stinking piece of nasty work!

    But yes, it galls me because I would rather tell them all to go to hell and keep their “clean” money. (otherwise known as blood money)

    I would rather we cleanse our minds of all the shite man’s brainwashing and reimagine our region, as we all took the “same trip, on the same ship” and many of us share common ancestors.

    With a little imagination and right thinking, we could overcome.

    But the very David who harps on about conspicuous consumption does not understand from whence it came.

    It is rooted in our cultural buy-in to the shite man’s brainwashing system.

    He wants to have “financial’ conversations to show our literacy. What he fails to acknowledge is there is no way out of this financial debt trap without a change in mindset and culture. There must be national buy-in for this dancing with debtors to be light-footed, twinkle-toed agility and not leaden-footed two left footed farce.

    Crusoe has said it, others have said it, and with the blogmaster’s indulgence I will continue to say it.

    The only way we can extricate ourselves from this morass is with a change in mindset. I would be willing to suffer a drop in my living standard, if I thought it would lead to a sustainable future for Barbadians over the long haul.

    In other words, I can take the bitter medicine, provided that it will cure the illness.

    But who wants to take bitter medicine that cures nothing?

    If that be the case it would be better to eat, drink and be merry until tomorrow we die!

    Like

  • Could somebody please tell me from whence the British got their “clean money”??????

    No matter how they launder it, those blood stains ain’t going nowhere!

    It is robbing and pillaging that made modern Britain. We Africans built it with our blood, sweat and natural resources!

    No stinking shite men like John and Lawson can change what the whole world KNOWS.

    WE REJECT YOUR SHITE MAN’S NARRATIVES.

    P.S. Africans did communicate in their own languages. We were not mute beasts who needed to learn English to survive. In fact, the first university was in Africa.

    Asshole!

    Like

  • “Why would Barbados, a dot in the map risk alienation from the western establishment?”

    There are many black polka dots against a white background, but it seems you are chained by money worries and problems and not the song of flesh and blood freedom of your ancestors spirits

    Jill Jones and Prince – Flesh and Blood (Unreleased)

    Like

  • Prince – Positivity (Demos 1,2 and 3)

    Like

  • Parade – Under the Cherry Moon

    Anotherloverholenyohead · Prince

    Prince & The Revolution – Girls & Boys

    Like

  • “Could somebody please tell me from whence the British got their “clean money””

    Ownership of slave property was done by the book (of hook and crook using every dirty trick) where purchases were made with trinkets like glass beads, manilla, cowrie shells or manufactured goods with added value like tobacco alcohol guns and their is full accounting paper trail audit of assets which were branded for proof of ownership claim. Only strongest survived the race of slavery and weakest died prematurely with sickness. The pile of bones is high but they were sub-humans as their skin was not white and so were ordained to be ruled by a master race, or so their story goes.

    Like

  • Look you stupid woman if it wasn’t for the British you would be running around in your underwear and making clicks instead of sentences if you don’t want the island you were given protest to give it back. Poor me poor me have you never heard of the boy who cried wolf. Your beggarism disgusts me

    Like

  • The new scourge of the downtrodden and marginalized: they are suffering from “financial illiteracy.”
    What will the shameless apologists think of next or say in defense of a failing economic policy?
    I hope some fairy godfather or mother turns up and gives us 5 billion USD so that such nonsense will not be written anymore or anywhere else by anybody.
    People broke ; can’t guarantee their children food during the summer vacation and we are being told that they are suffering from financial illiteracy.
    Peace.

    Like

  • End of the Road
    Where Do We Go from Here

    Like

  • wake up and smell

    Like

  • Don’t worry worry yourself
    Stupid white boys doing what stupid white boys do, just fucking with you

    here is some jukebox music
    Pain in My Heart

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “I hope some fairy godfather or mother turns up and gives us 5 billion USD so that such nonsense will not be written anymore or anywhere else by anybody.”

    first said fairy godfather or mother will have to ask them….wuh dey did wid de 5 or 6 BILLLION DOLLARS OR MORE MISSING FROM THE ECONOMY….and if they can’t answer that…..NOT A DIME..

    Like

  • @ Donna September 11, 2022 7:02 PM

    It’s nice that another person has realised that we can no longer get out of the debt hole by conventional means.

    The next debt cut is only a matter of time. We will never again raise hundreds of millions in the capital market in New York for public financing with our current debt level and the poor outlook. Who would be so insane as to invest their money in wage increases for unproductive civil servants and in order to fake a certain degree of civilisation through electoral gifts?

    Like

  • If a raise is given to the public sector it will be at the expense of the few that will be sent home.

    So in simply terms out of 100 or so, 10 will go home so 90 can get a 5% raise. When you hit groud zero you can’t get blood from stone. The IMF has clearly sent the message when they spoke to the need to now “consolidate government and its expenses.” They could not of made it any simpler than that for us.

    Like

  • P.S. Africans did communicate in their own languages. We were not mute beasts who needed to learn English to survive. In fact, the first university was in Africa.

    Asshole!

    Who let this loose foul mouth animal out of her cage.

    Thinks cursing anyone is her ticket on the blog topic after topic

    Like

  • Lawson,

    The Canadian companies must be trying to climb over the Murcans to get piece of the Guyana action, nuh?

    Murcans get there first.

    Brits musse blue vex they missed that boat. I mean, after installing Buurnham they missed all this oil!.

    Oops.

    Hahaha.

    Like

  • Lawson,

    Looks like a couple of Canucks made it in. John Cullen. Have to do some reading on his background.

    https://oilnow.gy/profiles/companies/jhi-associates-inc/

    Like

  • Wood objects to IMF strategy
    GOVERNMENT’S LATEST BORROWING trip to the International Monetary Fund (IMF) reflects a strategy that will lead to “further social and economic disaster” says economist Anthony Wood.
    He was reacting to Prime Minister Mia Amor Mottley’s revelation last Friday that her administration will be entering a second programme with the IMF when the current Extended Fund Facility programme expires on September 30 which will enable Barbados to access a further US$340 million in loans.
    “During the televised news conference the Prime Minister also stated that ‘we have been of the view that the cheapest money in town is still at the IMF. In addition to that, it also unlocks other development funds that may be available to us as a nation’. “This statement cannot be refuted but it reinforces another point made by Professor [Michael] Howard and myself that the continued failure of the Mottley administration to boost economic activity in the productive sectors and the economy generally, will have the administration relying heavily on borrowed money to keep the economy afloat and service our external debts. The ‘tax and borrow, and spend indiscriminately’ policy which characterises the economic strategy of the administration is unsustainable and is a strategy for further social and economic disaster in the country,” Wood said a statement.
    Harsh measures
    The former member of the ruling Barbados Labour Party said that important information was not told to Barbadians including the unhealthy state of the economy and a preview of harsh measures within the new IMF programme.
    “However, what is certain is that the bigticket items which were not addressed during the four-year Barbados Economic Recovery and Transformation (BERT) programme must be undertaken. These include the overhaul of the state-owned enterprises (SOEs) and reform of the public sector pension scheme.
    “The more stringent dictates of the IMF in the new programme should mandate cuts in unnecessary spending within central government and increased fees for the provision of some government services. The reform measures to restore medium to long-term viability of the National Insurance Scheme must also be implemented with some alacrity,” he stated.
    The former minister during the BLP’s 1994 to 2008 time in office said the reality was that the new IMF programme was unavoidable and resulted in large measure from the failure of the economic and financial management of the economy by the BLP administration.
    “While exogenous shocks like the coronavirus pandemic, price increases in strategic commodities and in more recent times the war in Ukraine, have had an adverse impact on the Barbadian economy, persistent inappropriate
    economic and financial policies have exacerbated the problem. The time for procrastination, expensive public relations and wastage by the Mottley administration is over and Barbadians must brace themselves for a heavy dose of austerity,” he warned.
    Mottley, he said, had implicitly admitted that Barbados ranked among those countries struggling with debt when, in providing justification for the new IMF programme, when she said that Barbadians were living in a time where in excess of 40 countries were on the brink of “debt difficulties and debt crises”. (AC)


    Source: Nation

    Like

  • Debt transparency a must
    AS BARBADOS PREPARES to enter a new arrangement with the International Monetary Fund (IMF) it must ensure there are no transparency gaps.
    The Government must tell the public about the country’s entire national debt, who we owe and when these debts are due. The citizens of this country need to know the risks they, their children and even their grandchildren will face as a result of these debts, whether to foreign institutions or governments.
    In 2018 we borrowed US$290 million from the IMF and have sought US$340 million on this occasion. There must be clarity on whether we have repaid the first loan and whether the projections are that the new loan will be refunded in three years.
    This issue must not be shrouded in fancy economic terms to turn off most people. Indeed, the Government must say if it is considering “evergreening” existing loans by renewing them when they become due.
    Barbadians understand the precarious situation the Mia Amor Mottley administration faces given the unexpected and heavy debt caused
    by the COVID-19 pandemic. They also know of the high levels of inefficiencies at many of the state-owned businesses and the drain on taxpayers.
    This is the time to give full disclosure as to the true and exact amounts borrowed and spent during the pandemic and the full liabilities of the statutory corporations. There must be no hidden debts for either the civil service or the parastatal operations.
    Barbadians need this level of openness for their peace of mind, to understand the country’s financial health, its economic stability and the resultant risks they face at the individual level.
    Such an approach is essential for the Government as it urges a cagey public to buy the BOSS (Barbados Optional Savings Scheme) Plus bonds, given the likely reluctance from commercial banks, insurance companies and credit unions about investing in large sums of Government paper in a volatile environment.
    This newspaper understands and agrees with the decision to approach the IMF for foreign exchange support but wants the Government to lay out a plan to address certain fundamental issues the country faces.
    There is a need for a comprehensive sustainable plan to grow the economy to earn foreign exchange over the next decade, create jobs, fight inflation, and address poverty alleviation.
    As we seek to attract and retain international companies in Barbados we must readily meet their foreign exchange requirements, including repatriation of dividends.
    Barbados is on an economic tightrope given how international monetary policies will impact us when interest rates are raised in our main source markets, whether it is in the purchase of goods and services, including tourist arrivals. At the same time, local consumers and businesses are stretched while rising bad debts are a reality.
    In such circumstances, the Government needs to outline the country’s debt stock and the related terms of those agreements.
    The national debt is at an elevated level and it worries many citizens.
    This
    is the time to give full disclosure as to the true and exact amounts borrowed and spent during the pandemic and the full liabilities of the statutory corporations.

    Source: Nation Editorial (12/9/2022)

    Like

  • 🌍 Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol [[[ONE LOVE ONE WORLD ♡ ♥💕❤😘 🌍]]]

    Ronnie Obama and Newspapers are missing the point

    here’s the joint…

    “BRB is doing well..”
    .. in it’s debt management program
    it’s head is still underwater but is still managing to breathe and survive
    and needs to remain being careful and frugal in spending

    extra funds are needed for
    infrastructure investment
    maintaining debt repayments
    a safety net for any unforeseen problems

    The Glamorous Life

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…ah heard world leaders are BANNED from flying private jets to UK for Elizabeth’s funeral…..ah guess economy class and first class on commercial planes will have to do..

    take them down a couple pegs, no showing off they wheeled in on their best friends jets, no bringing in friends family and buddies, only leaders and their SPOUSES are allowed…

    that must have put a dent in a lot of elaborate plans….

    wait until things really get going, am sure we will hear much more..

    Like

  • @ Donna

    Suck it up girl, the bottom of the barrel is getting closer, only then when the POPULACE starts to starve, like the African homeland, will changes “start” to appear, these changes however will likely not be to your liking.

    Like

  • There is going to be a new tax on the media if the Nation keeps running editorials like the one above.
    Or possibly they learned from a prior admin of the GoB, all the odd places and tactics to conceal Debt.
    Do they really think that if we cannot produce relatively simple reports on the financial condition and activities of so many entities, that a report on the nations Debt status will be forthcoming?

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    good warning…..cause along with a one world government in process…..someone just brought to my attention the pending re-evangalizing to a ONE WORLD RELIGION…and they are running around everywhere putting that in place…

    it’s up to the continent and Afrikans worldwide to accept or REJECT THAT NASTINESS…

    Like

  • Possibly one of the many trained economists who make themselves heard via the media, could tell the people, as a reminder of course, exactly what the IMF caused to be done, under the current program, other than providing funds to shore up our Fx reserves (avoiding devaluation).

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “only then when the POPULACE starts to starve, like the African homeland,”

    misinformation…there are 54 0r 55 contries in Afrika,,,only a percentage are experiencing….drought and famine…as is normal for certain regions for thousands of years…

    any famine in Barbados is self-made….any drought is because they dont prepare, maintain and wont stop tiefing the water…

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Earlier this year i saw rice PYRAMIDS in Nigeria….don’t know if it all of it reaches that vast region though…they got over two hundred million people..

    India stopped the exportation of cut rice as feed, some countries use it to feed their population, they are only allowing the more expensive rice to leave….they know what’s coming….got over a billion people to feed..and preparing…

    Like

  • @NO

    It triggered pension reform DISCUSSIONS?

    #help

    Like

  • @NO

    Forgot a ceiling on government borrowing?

    #help

    Like

  • From memory, and not being a trained economist, it began with the SD and focused on repaying the mountain of Debt accumulated locally in the GoB and SOE A/P entries. Many were offered haircuts to settle, and the larger amounts were bundled into J Bonds and moved from one book entry to another.
    They scratched at pension reform, given that includes both public service pensions and the NIS. They never got to SOE reform, though the PM suggested much of the leg work has been done.
    There was also that messy Tax situation and grey lists, though am unsure of what role the IMF played.
    Similarly unsure of their role in establishing the new Trust and Sustainability Fund (?), essentially more funding under “concessionary” terms.
    It is unknown to me what role the IMF has played in advice relating to ‘growth opportunities’.
    #littlehelp #notaneconomist

    Like

  • 🇼 is on a cheese roll today 🧀
    🇼 facts ✔️
    🇼 opinion ❌

    Like

  • @ NorthernObserver September 12, 2022 9:47 AM

    The word “devaluation” does not officially exist. We should better speak of “currency modernisation”.

    The transition to the republic would really have been a good moment to simply add a zero to all banknotes, but not to increase salaries.

    Liked by 1 person

  • Waru

    The preponderance of the scientific evidence clearly shows that Pachamama has the fix in.

    That She seeks to bring us Earth into balance is clear. However, this writer remains unconvinced that Whitey has the propensity to take this matter seriously, beyond the ephemeral.

    Case in point Ukraine. But we have hundreds of examples. During this NATO-Russia War, having started the war, then they determined that coal, nuclear and tar sands were green energy. These are the same people looking to steal carbon credits from the countries of the South while they do what ever the +uck they feel like.

    It beggars belief. Weee done taking these White devils seriously. Regardless of the gravement of the issue.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “That She seeks to bring us Earth into balance is clear. However, this writer remains unconvinced that Whitey has the propensity to take this matter seriously, beyond the ephemeral.”

    too superficial to work with people who have a very strong spiritual connection, the world has shrunk too small and information too easily accessed for complete success.

    ….but you have the forever idiots and forever Slaves who will always accept, rush to please, and bolt headlong into another era of generational traps…..so enamored of false representation, and other people’s sick fantasies and lying stories, too eager to involve themselves in systems of destruction prepared just for them, those are the types to avoid when they come spreading backward talk, regurgitating what others spout…lack of independent thought……the easy to indoctrination..

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…wonder how long it will take for them to come to terms with the fact that they got left holding an empty bag…lol..and won’t see it until it’s too late, some won’t see it at all….

    saw where Charles said he is making no changes to parliamentary traditions in UK, that should please the die hard Slaves no end….

    Like

  • @African Online Publishing Copyright ⓒ 2022. All Rights ReservedSeptember 12, 2022 9:55 AM

    You are correct to a point, how many of the 55 are operating with a positive debt to GDP, how many are not dictatorships etc. With terspect to Bajan water situation your correct, water supplies are not endless and island aquifers are exhausted. Barbados has/had a water resource protected land area plans, however these have been now devoted to housing for the poor. Good idea, now we have a house and no water.

    Good plans, however follow through is non existent. TALK is cheap, results however take discipline.

    Like

  • Chinese people in a longitudinal study gives their government a 90 percent rating, believe that they have a practical democracy!

    Like

  • Thanks Pacha but it is not an apple and apple comparison although a few interesting points can be gleaned.

    Like

  • @ Pacha
    “Chinese people in a longitudinal study gives their government a 90 percent rating, believe that they have a practical democracy!”
    ~~~~~~~~~~~~~~~~~~~~~~~~
    No surprise there.
    The Chinese came from ‘nowhere’ just 30 years ago, to become global leaders …by choosing a set of sensible leaders who were experienced in achieving success against the odds.
    They also routinely executed the idiots, incompetents and crooked who sought to impede their progress.

    If one is going to be albino-centric then one ought to do it RIGHT… like China did…

    We on the other hand, promote failures and known crooks, and take advice from failures such as Petra….
    Neither fish now fowl, we are ‘community-centric’ by nature, ‘albino-centric’ by adoption, and shiitehounds in practice….

    We are destined to AGAIN become slaves of others- at the very least our children are..
    as a result of OUR OWN choice of idiocy.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “Good idea, now we have a house and no water.”

    that’s ya misleaders punching above their intelligence..

    Like

  • “We are destined to AGAIN become slaves of others- at the very least our children are..
    as a result of OUR OWN choice of idiocy.”

    I share a similar belief. It is somewhat frightening to see the ‘smartest men’ in the world dance themselves into a tight corner. When all the fancy footwork is finished, our children will own nothing.

    Like

  • Mr gloom and doom

    Arent the the one who usually push the fact that wages and salaries have not kept up with the rate of inflation ?
    Man u even gave classroom demonstration to show the effects
    Now u coming scare tactics about what/ how a five percent will do even when that is not even close to keeping up with inflation?
    Cant figure Out where u stand? After the raise is settled ask the BEC or whatever it name for the opinion on how much it is go to add towards gdp / gov revenue as against the expence it Will cost

    Like

  • Bushie

    Well said never a truer series of words written.

    But Bushie. How else are societies to deal with the type we have. Our corrective measure will always be anathema to the squeamish. Like David.😃

    Like

  • de pedantic Dribbler

    @David, absolutely it’s “not an apple and apple comparison” re China. This is certainly not an esoteric debate of governance or a shouting match about ideology but if we see that polling in what is ostensibly seen as free-wheeling do-as-u-wish western ‘democratic’ societies can depict shewed results from citizens being ‘conditioned’ towards certain results how on earth can we look objectively at any polling from an ordered almost regimented society like China!

    I believe the blogger said in an earlier post to the effect that Chinese society unlike our own has worked towards definitive 10 or 15 to 20 years plans which are implemented by THE Central Committee regardless (I believe he said) of the Chairman at the helm … that is a truism to a significant degree of course, so with that in mind how on earth can one also so “artfully” throw up the term _”practical democracy!” to describe China.

    Practical to what … a theory on autocracy?? What does that actually mean?? All political decision are made by ONE central committee which brooks no critical or purposeful opposing views … doesn’t a ‘practicing democracy’ mean varying ideas competing freely!

    Ah hah … the term was “practical” not “practicing” !!! …. Anyhow as I noted this is not an endless debate .. I am simply sharing an obvious flaw in the reasoning above.

    And to you @Bushman Griot, you speak so smoothly one can easily be bamboozled … how on earth would your heralding of “They also routinely executed the idiots, incompetents and crooked who sought to impede their progress have worked here in Bim!!

    I also question the summary remark that “The Chinese came from ‘nowhere’ just 30 years ago, to become global leaders” yes of course in terms of economic prowess vis the US etc but China was always a great dynasty long before the west allowed themselves to be so completely infiltrated and essentially ‘colonized’ by her!

    And when you say “by choosing a set of sensible leaders who were experienced in achieving success against the odds” I suspect that’s short-hand for autocratic strong men who came to power by cunning and intelligence and retained that power by force of arms! Yes!

    One must surely admire the awesomeness of the Chinese leadership experience as it has been and is absolutely stunningly successful but to parse it as you did above re any comparative process here in Bim is quite difficult to grasp … but it sounds sweet, though.

    I gone.

    Like

  • Good to bad Britain has a heap of historical information about it’s slave trade past from the 16th Century, but in 21st Century is now shifting it’s narrative to say that it’s evilous people were truly wholly wicked and bad like devils and are no longer saying their heroes were good guys doing Gods work

    Abolition Trail

    Is it not enough that we are torn from our country and friends, to toil for your luxury and lust of gain? Must every tender feeling be likewise sacrificed to your avarice? ... Why are parents to lose their children, brothers their sisters, husbands their wives?
    - Olaudah Equiano (also known as Gustavus Vassa), (c.1745-1797), anti-slavery campaigner author of The Interesting Narrative and slavery abolitionist
    

    2007 marks the 200th anniversary of the passing of the Act of Parliament that legally ended British involvement in the transatlantic trade in African people to serve as slave labour in the Americas, the West Indies and Europe. This Act did not end slavery in the British Empire, nor did it end the involvement of British companies in the slave trade. 1807 did, however, mark the moment when men and women – privileged and poor, enslaved and free – celebrated their initial success against a barbaric trade.

    To commemorate this anniversary the National Portrait Gallery has created a new gallery trail that highlights some of the individuals in the Collection who have been associated with the history of the slave trade. It mainly includes those who profited from the trade in enslaved peoples, reflecting the reliance on slave labour to create wealth, position and influence in British society. It also brings together those who suffered and survived the cruelties and indignities of transportation and those who fought slavery, with those who were present in Britain due to its lasting legacies. There are many others who are a part of this story but remain unknown, although not forgotten, such as the young girl who appears in this portrait, and the many ordinary working men and women who took part in the nation-wide abolition campaign.

    The Slave Trade

    British trading in enslaved Africans became established in the 1500s. In 1562 Captain John Hawkins was the first known Englishman to include enslaved Africans in his cargo. Queen Elizabeth approved of his journey, during which he captured 300 Africans. He then sailed across the North Atlantic and exchanged them for hides, ginger and sugar. He returned to London in 1563. Thirsty for greater profits, he organised another voyage for 1564 to which Queen Elizabeth contributed one vessel.

    Meanwhile, the African presence in England became established to such an extent that attempts were made to limit their numbers. Queen Elizabeth enjoyed the profits of the Atlantic slave trade and employed African entertainers in her court but she issued a decree to expel Africans from England in July 1596. Despite this, Africans were to remain a consistent presence in English life.

    After abolition

    The Act that was passed in 1807 was meant to end Britain’s involvement in the trans- Atlantic slave trade. In reality, British companies continued to profit from the trade, and some historians have argued that many Britons were able to reap greater benefits from the trade after abolition than ever before. The moment enslaved Africans gained their freedom in the British empire would not come until 1838, following the replacement of slavery with the apprenticeship system in 1834. In 1838 the British government agreed to pay slave owners £20 million compensation (the spending worth of over £800 million today). Those who had worked as slaves for generations were given nothing at all. The abolition of slavery released the formerly enslaved into poverty, and prompted the British to mine new parts of the empire for ‘slave labour’. The result was the, sometimes forced, migration of Asian men and women to the Caribbean. Here they were forced to work as part of an indentured labour system under which labourers worked under contract for an employer for a specified number of years.

    Like

  • “I Ain’t Got No Quarrel With The VietCong…No VietCong Ever Called Me Nigger.”

    ― Muhammad Ali

    When it comes to the divine spirit within
    greater energy practices and systems
    are found in the East not the West
    Chinese Qigong Tai Chi Kung Fu
    Indian Breathing Meditation Yoga

    Keep it on the D-Lo
    there are spies everywhere on the spider web net

    Like

  • “We are destined to AGAIN become slaves of others- at the very least our children are..
    as a result of OUR OWN choice of idiocy.”

    BRB is such a small place with nowhere to run it’s people have always been soft and compliant
    and cannot be militant like dread rasta

    Fret not the lord of dance has come to break every chain and loosen the 7 seals thereof and nice up the dance in a style and pattern

    Big rebel tune for slave minds

    Gun salute for the General♩ ♪ ♫ ♬ ♭ ♮ ♯ 🎼 🎵 🎶

    I Shall Be Released
    I see my light, I see my light come shining
    From the west down to the east
    Any day now, any day now
    I shall be released

    I see my light come shining
    From the west down to the east
    Any day now, any day now
    I shall be released

    Dylan

    Like

  • 🌍 Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol [[[ONE LOVE ONE WORLD ♡ ♥💕❤😘 🌍]]]

    Warming up the Sound System Speakers
    with a Big BU anthem Version Excursion
    Round 1
    That’s How Strong My Love Is (Tommie Young) versus (Candi Staton)

    Like

  • Round 2
    That’s How Strong My Love Is (Otis Redding)

    That’s How Strong My Love Is (O.V. Wright)

    Like

  • Late Nite Blues Session
    Round Tree (Adaptations)
    Different Genres (Reggae and Rock)
    That’s How Strong My Love Is (Judy Mowatt & The Gaylettes)

    That’s How Strong My Love Is (The Rolling Stones)

    Like

  • Lord have mercy!!! Gabby firing wirh both barrels loaded.

    https://barbadostoday.bb/2022/09/13/no-apology/

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Pacha…the Slaves are having a slave hissy fit over this…the good coming out of this, the ENEMIES WITHIN – Marcus Garvey……had to REVEAL THEMSELVES…

    https://barbadostoday.bb/2022/09/13/no-apology/

    “Cultural Ambassador Anthony Gabby Carter says he would give up his designation of ambassador before he apologises for a self-penned poem about the late United Kingdom monarch Queen Elizabeth II.

    The poem Good Riddance to Rubbish was circulated on social media following the announcement that the 96-year-old royal had died on Thursday September 8. It addressed Britain’s, and the role of the Monarchy, in the Transatlantic slave trade, the wealth gained, inherited and passed down through the years, and the fact that victims of these atrocities have yet to receive reparations.

    Referring to Queen Elizabeth II as a “quiet wicked woman”, the poem read in part: “She inherited millions of pounds from the gains of slavery yet she allowed each colony to wallow in poverty. Seventy-five long hard years this monarch Liz did reign, she made sure her colonies made no economic gain.”

    However, some people have not taken too kindly to Gabby’s sentiments labelling them as “disrespectful”, “distasteful” and “uncivilised”. Others have even gone as far as to call for Government to revoke his National Honour status if an apology is not forthcoming.

    Former Barbados High Commissioner to the United Kingdom Guy Hewitt has strongly condemned the poem, saying it has brought “dishonour” to Barbados.

    Hewitt argued that it was not only in poor taste, but it displayed Gabby’s ignorance of the role of a constitutional monarchy, the history of the Commonwealth of Nations and the late Queen’s role in it.”

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    TLSN…….black people can be the most hypocritical disgusting trash when it comes to STANDING UP FOR AFRIKAN RIGHTS……

    we see it everywhere….they are the enemies who would make sure Afrikans ARE NEVER FREE….they are the ones STOPPING PROGRESS..

    ..i keep telling people it’s the nigas NOT THE WHITES are our biggest problem….because they do what they must to SURVIVE….but the wicked niga mind is always in SABOTAGE MODE…

    Like

  • The Racism of GB and it’s 5 eyes 👀👀👀👀👀 of racist white majority settlement colonies
    {The Five Eyes (FVEY) intelligence alliance of Australia, Canada, New Zealand, the United Kingdom, and the United States}
    is the legacy that Queen Elisa has passed onto King Charles and Prince William of Wales to deal with
    How do you stop Racist Fox News and Racist Politicians and Racist People thriving

    Like

  • ilk
    a type of person or thing similar to one already referred to.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “How do you stop Racist Fox News and Racist Politicians and Racist People thriving”

    REMOVE their NIGAS….their Slaves who prop it up….with their Judas, traitor bloodllines..

    Like

  • “REMOVE their NIGAS….”

    You should TEACH the NIGAS ✔️

    Like

  • I Shall Be Released
    #BLACKLIVESMATTER
    Easy Squeeze

    Never Stop Fighting / Johnny Osbourne
    When will we ever stop our fighting
    Can’t you see us standing up that we could all just start uniting
    They’re asking for peace yet they never stop fighting
    Will there ever come a time when mankind be united
    I’m a just a passerby singing and rejoicing
    And if you listen with your heart you can hear angel voices
    They’re always singing

    You hear the angel voices ooooh
    You hear the angels singing in harmony-eee
    You hear them singing in the morning so early-eee hee hee
    But only Jah-Jah gonna help us
    Yes only Jah-Jah gonna help us no-how

    Time just keep on slipping right into the future
    Brotha tell me what you gonna do for the nowadays youth sir

    You see I’m a just a passerby I’m still singing and rejoicing
    But if you listen with your heart I know
    You’re really gonna hear children voices
    They’ll always be singing
    Now can’t you hear little children singing tra la la la la la loo
    A can’t you hear little children voices la la tridle dee dee ooh
    A can’t you hear little children singing tra la la la loo
    Only Jah-Jah gonna
    Help us now

    Like

  • @dpd
    I believe the polling results are likely quite accurate.
    My kindergarten level understanding of what is a very complicated electoral system, suggests the only level your ordinary Chinese citizen has a vote is at the lowest local local levels. Hence their lower approval. They have some say.
    Many similar polls in say the US or Canada, are affected by Party affiliation. And a general misunderstanding of which level of government is responsible for what.
    So in an environment where the electorate are split roughly evenly between Tweedle Dum and Dee, getting Dum to approve when Dee rules and vice versa, is tough. And many local candidates, do not run under a ‘party’ banner. This produces higher approval, even though some are known to be ‘affiliated’.
    Today, I visit annually, in Florida, with several people I met during my time in Cuba in the 90’s. Nobody in Cuba I dealt with, ever voiced disapproval. Now they have left, it is a different story.

    Liked by 1 person

  • If this Dwert is a black man and was more outraged at my outrage at the disgusting stinking racist liar known as Lawson’s remarks than he/she was at the disgusting, stinking, nasty, racist remarks, then I have proved my point.

    You are brainwashed!

    Now GET THE FUCK OUTTA HERE!

    ASSHOLE!

    Like

  • de pedantic Dribbler

    @Northern, your clarification is absolutely spot on. When you have a choice of many but in fact the, “many local candidates, do not run under a ‘party’ banner. This produces higher approval, even though [ALL] are known to be ‘affiliated’…[and directed by the single party entity]

    Quite perfectly detailed as indeed in the Cuba of your visits or in Russia or Belarus. I am thus completely amused when shrewd pollsters play these games with stats as they do in our neck of the woods (North America) so continuously !

    BTW, that’s an impressive kindergarten level analysis …are you another Bajan savant or some such like your other school mates who excite us here daily 😎

    Like

  • And there you have it! Lawson, whom some of you so-called Afrikan warriors indulge, has told you without any hope of plausible deniability, what he thinks of your ancestors!

    Not a boy says a word!

    Wunnuh got talk fuh Donna?

    BRING IT!

    Like

  • To the nasty piece of shit known as Lawson,

    Where did I beg for anything, you illiterate?

    I said, reparations, though morally due, will do us no good until we can reverse our brainwashing. Soon we would be back at square one.

    Also, I said that I would gladly accept a drop in so-called living standard than for our leaders to walk the globe begging for assistance.

    So…. your disgust is sadly misplaced and as twisted as your version of the white man’s enslavement of Africans.

    You are cursed with what ailed them. Greed! Greed! Greed! And a feeling of entitlement to other people’s property by virtue of skin colour.

    As you have displayed here, you would have done the same if presented with the opportunity.

    A nasty, filthy, greedy savage beast!

    As I have always said, poke the beast enough and he cannot hide!

    But pray tell, have you ever read one paragraph of true African history?

    I bet not, because it would not allow you to promote white supremacy!

    Consider yourself out smarted by this inferior beast! It is amazing what a few “cusswords” can do!

    P.S. The Africans were so beautiful in their “underwear” that your lot could not keep their filthy hands off them.

    Like

  • @dpd
    School mates?
    Because our parents made choices as to where we would go to school, and that several of us went through the same “gates” each day, makes us mates…lol. Cause I know you are not referring to Hants or TheO, whom I believe went through the same ‘gates’.🤣

    Like

  • The Drums Call You
    Out of a population of 287,371 (2020)(🇧🇧) there is a disproportionately high number people who are prejudiced against a population of 1.402 billion (2020)(🇨🇳). I blame their brainwashing on x-masters from 🇬🇧 UK 🇨🇦 Canada and America 🇺🇸

    Like

  • Elizabeth I made the money in the slave trade Elizabeth II kept the money.

    The End!

    Like

  • But the whole world is in mourning! Only Donna is out of step!

    Only a shite man with his head buried in his own shite could think that.

    I see that The Mighty Gabby agrees with Lil Donna that “diplomacy” is not what is needed here. We do need to be more courageous and speak the truth. Even many blacks in Britain are speaking the truth all over social media and on online media.

    Elizabeth I made the bloody money. Elizabeth II kept the blood money.

    We cannot allow these false narratives to win the day!

    This is why the world is so confused.

    One guy on an online programme said his Jamaican grandmother had been taught to respect the queen and kept a picture of her on the living room wall until the day she died. He, now living in Britain, has absolutely no respect for the queen.

    Time to reverse the brainwashing! Yes, will be our own worse enemies until we reverse this damage.

    Imagine that calling rubbish rubbish can be labelled as bringing dishonour to Barbados!

    Guy Hewitt ought to know that most Barbadians do not feel the dishonour.

    It is our mealy-mouthed politicians who bring us dishonour!

    Certainly not!

    Like

  • Ramblings

    @Donna,
    You may not be out of step.
    However, some Bajans take being called ‘Little England’ very seriously and will fight for their queen.

    I believe the Mighty Gabby is one of the best Calypsonians there is. It will be interesting to see if they can bring about enough pressure to bend him. He may be surprised at the sources attacking him.

    Lastly, I should be the last to give advice on this matter as I have fallen into the trap here a number of times. These guys sit down and figure out where the buttons to push are. They are good at it. “Speak your truth quietly and clearly; and listen to others, even to the dull and the ignorant; they too have their story. Avoid loud and aggressive persons; they are vexatious to the spirit. ”
    Have a great day.

    Like

  • Waru

    Under the penalty of death this writer will never stop contending that Barbados will always be as Little England as it has always been. This talk about republic is merely perfunctory.

    Like

  • African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    fake republic, shite republic, no amount of lying and pretending can change THAT TRUTH…

    it will ALWAYS be a slave society as MANUFACTURED……and will NEVER be seen in the eyes of the descents of its DEVISERS AS ANYTHING ELSE….

    let them pretend to their heart’s content…..Slaves are no threat to anyone but their fellow Afrikans..

    no matter how long the delay….this must PLAY OUT…

    Like

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