Barbados economy will improve – IMF
The International Monetary Fund says economic activity in Barbados will improve as the global economy gradually expands, but the recovery’s timing remains uncertain.
Following a five-day visit to Bridgetown, the IMF chief of mission, Marcello Estavao said in a statement that the global recession has curbed tourism, and affected related activities such as construction and trade.
But Estevao said despite the hardships, policy moves have limited the adverse effects of the crisis.
The IMF also noted that international reserves are at comfortable levels, due to successful foreign debt placement last year.
The Washington-based financial institution says despite the uncertain outlook, the high level of public debt limits the room for further government spending.
Public debt is now above 100% of GDP.
Seismologist responds to quake fears
Seismologists in Trinidad have given assurances that last weekend’s earthquake in Chile will not affect the rest of the Caribbean.
Following Saturday’s quake, there were reports that a similar occurrence was imminent in the twin-island republic.
But the seismology department of the University of the West Indies, said the tremor was not directly related to Trinidad or the wider Caribbean.
Head of the department, Dr Richard Robertson, said however, that persons should be prepared for such an event.
St Lucia police review firearms policy
Police in St Lucia are reviewing their firearms policy, following the recent slaying of of an officer and the wounding of another while on duty.
Crime Chief Vernon Francois says authorities will consider issuing firearms to officers who qualify.
At the same time Francois believes there should be mandatory penalties for people who possess illegal firearms.