More Private Partners

November 2007 | Ratings Update

Prime Minister Owen Arthur has called for the government to enter into new partnerships with the private sector and take a more passive role in the country's economic affairs in order to secure sustainable growth over the medium term. The premier, who is also the Barbadian minister of finance, believes that more public-private partnerships could help to drive down the country's worrying debt burden: total external debt came in at around 48.8% of GDP last year, and is expected to reach 50% by

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