Barbados nearing ‘cliff of destruction’

Barbados Nation:- BARBADOS HAS TO MAKE serious economic decisions if it is not to go the way of Jamaica and Guyana.

This was the grim diagnosis last night by former Prime Minister Owen Arthur as he made his contribution to the debate of the 2016 Financial Statement And Budgetary Proposals, which were delivered by Minister of Finance Chris Sinckler on Tuesday.

Arthur said it was fortuitous that the debate was taking place in the year of Barbados’ 50th anniversary of Independence and would be considered one of the more important debates in the history of this country.

Developing his argument against Barbados’ social stability based on sustained fiscal prudence over the past 50 years, the now Independent Member of Parliament for St Peter said the economy could only survive if it was firing on all cylinders.



  1. Anonymous
    August 19, 2016 at 11:28 am

    Perhaps the only way to rescue the Barbados economy is through a union with the OECS in which they agree to abandon the Barbados Dollar and its Central Bank and to use EC Dollars and the ECCB.

  2. Anonymous
    August 19, 2016 at 5:43 pm

    Salep…. they always thought they were better than the oecs.

  3. harry
    August 20, 2016 at 9:32 am

    Barbados will be fine every year for fifty years since Barbados’ independence the prediction is made that the island will self destruct. The reality is the opposite. Barbados in the leading developing country in the world on the Human Development Index. Its unemployment rate is 9% one of the lowest in the Americas. Its crime rate is one of the lowest in the region. Its per capita income though slipping of late keeps it in the regional top three. Literacy is 100%. Owen Arthur will destruct while Barbados marches on.