Prime Minister Freundel Stuart has received the reports from the two Working Groups which were set up on March 3 this year to discuss the challenges to Barbados’ Foreign Reserves and the Fiscal Deficit, and to make recommendations.
Mr. Stuart commended the work of the two groups and said: “The recommendations made are being studied with a view to determining which proposals can be implemented in the short term and which are more medium term.”
[x_pullquote cite=”Prime Minister Freundel Stuart” type=”left”]“The recommendations made are being studied with a view to determining which proposals can be implemented in the short term and which are more medium term.”[/x_pullquote]
The Prime Minister gave the assurance that “the appropriate sense of urgency is being brought to bear on the consideration of the report”.
The two working groups were set up by Mr. Stuart, as the Chairman of the Social Partnership, early last month during its full meeting at the Lloyd Erskine Sandiford Centre.
The working groups are made up of representatives of Government, the private sector, the trade unions and the Central Bank.
The first sets of recommendations from the two groups were received on March 22 and 23, and one of the Working Groups is scheduled to submit its final recommendations today, Wednesday, April 12.