Barbados ‘cut off’ due to economic development

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May 31, 2013

BRIDGETOWN, Barbados - Minister of Finance Chris Sinckler has expressed concern that the economic development of Barbados and other small open economies has been used as a “bludgeoning instrument” against them when it comes to concessional financing from entities like the World Bank and preferential access to markets internationally.
Sinckler made the remarks yesterday, as he addressed the Inter-American Development Bank’s (IDB) Third Annual Retreat of Caribbean Civil Society Consultative Groups at the Hilton Barbados, hinting that Government may have to possibly look to the IDB for assistance again in terms of developmental assistance.

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