We are close to ducks’ guts, says economist

A leading economist is warning that the island’s foreign exchange reserves will likely sink even further by the end of the fiscal year in March. Soon after Governor of the Central Bank Cleviston Haynes announced today that the reserves had fallen to $410 million, or 6.6 weeks of import cover as at the end of […]
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It’s slightly worse than we expected, says Herbert

With a general election approaching and the island’s foreign reserves situation deteriorating further, fear is mounting within the private sector that the country will not be able to achieve an economic turnaround. Governor of the Central Bank of Barbados Cleviston Haynes confirmed today that the island’s international foreign reserves fell […]