warning BRIDGETOWN, Barbados - The International Monetary Fund (IMF) has warned Caribbean countries, including Barbados, they face an uphill battle fighting the debt crisis that has them in a stranglehold.
An IMF paper released yesterday, titled Caribbean Small States: Challenges of High Debt And Low Growth, said the average debt as a percentage of GDP for the region now hovered around 79 per cent with some individual nations’ ratios over 100 per cent and the global financial crisis had worsened the debt crisis.