Private sector must help

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The private sector in Barbados has been challenged to step up and help to resuscitate the economy.

It came from former Prime Minister Owen Arthur during a lecture Monday night on The IMF And The Caribbean: New Directions For A New Relationship. It was held at the Roy Marshall Teaching Complex, University of the West Indies, Cave Hill.

He said economic recovery could be a hard road to travel, but stressed that “the state cannot carry the responsibilities of everybody”.

Noting inefficiencies in state-owned enterprises, Arthur suggested a model of private sector ownership but “with a high level of participation by workers”. He said privatisation would combine enfranchisement with a generation of productivity.

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