The Barbados Labour Party (BLP) administration has been praised for its willingness to tackle the country’s economic issues head-on and its readiness to implement tough measures.
The approval has come from the Jamaica’s Opposition Leader and President of the People’s National Party (PNP) Dr Peter Phillips, who also challenged Barbadians to hold strain during this trying period.
Speaking at the BLP’s 80th Annual Conference on Sunday, Dr Phillips described the economic challenges facing the Caribbean as “its most serious since Independence”.
In an obvious reference to Government’s implementation of its own Barbados Economic Recovery and Transition (BERT) programme and the subsequent debt restructuring exercise, he said had Barbados looked to international organizations for a programme much tougher demands would have been asked.
“As your brother, having walked through the fire before…it’s incumbent on me to share a little bit of what I have learnt from that experience. The first point I would like to make is simply this; the basic responsibility that comes with Independence and sovereignty is the requirement to manage your own economic and fiscal affairs,” Dr Phillips said.
“If you don’t manage your personal accounts, your fiscal affairs, your national accounts, well someone will come and manage it for you and that is the very opposite of Independence.
“Because let me tell you, the banks in the international community, the multilateral organizations, when they intervene, quite frankly they intervene with more detail, more comprehensively than was the case with colonial authorities in the last years of colonialism. So I applaud the BLP Government for agreeing to bite the bullet and take charge of the fiscal accounts of this country,” he added.
Speaking at the BLP’s 80th Annual Conference today, Dr Phillips described the economic challenges facing the Caribbean as “its most serious since Independence”.
In an obvious reference to Government’s implementation of its own Barbados Economic Recovery and Transition (BERT) programme and the subsequent debt restructuring exercise, he said had Barbados looked to international organizations for a programme much tougher demands would have been asked.
“As your brother, having walked through the fire before…it’s incumbent on me to share a little bit of what I have learnt from that experience. The first point I would like to make is simply this; the basic responsibility that comes with Independence and sovereignty is the requirement to manage your own economic and fiscal affairs,” Dr Phillips said.
“If you don’t manage your personal accounts, your fiscal affairs, your national accounts, well someone will come and manage it for you and that is the very opposite of Independence.
“Because let me tell you, the banks in the international community, the multilateral organizations, when they intervene, quite frankly they intervene with more detail, more comprehensively than was the case with colonial authorities in the last years of colonialism. So I applaud the BLP Government for agreeing to bite the bullet and take charge of the fiscal accounts of this country,” he added.
He also encouraged the Mia Mottley-led Government not to depend solely on the promises of those international agencies which have pledged their assistance.
Instead, he said what was required was for her Government to work above and beyond and in the best interest of Barbadians.
“When we took on the battle there were many promises made by elements in the international community of resources that would flow, but as they say in the good book promises are a comfort to [a fool]. Give thanks for the promises but understand if the promises are not fulfilled, don’t let that cause you to waiver in your determination to reach the end point of your objectives.
“…In order to manage by ourselves it will take a great revival of the national spirit. We have to be equal to the task as our forefathers and mothers were, to build up the great capacities of our people. To face the challenges of the time it will require a quality of political work like nothing you have had to face since you took up the challenge to secure Independence,” Dr Phillips said.
“But you can do it. It can be done because it has to be done.”
- Barbados TODAY
