PM receives reports from Working Groups on the economy

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BRIDGETOWN, Barbados, Apr 12, CMC – Prime Minister Freundel Stuart has received the reports from the two Working Groups which were set up last month to discuss the challenges to Barbados’ foreign reserves and the fiscal deficit, and to make recommendations.
“The recommendations made are being studied with a view to determining which proposals can be implemented in the short term and which are more medium term,” Prime Minister Stuart said, giving the assurance that “the appropriate sense of urgency is being brought to bear on the consideration of the report”.
The two working groups were set up on March 3 by Prime Minister Stuart, as the Chairman of the Social Partnership that met to discuss the economic situation.
The working groups are made up of representatives of the government, the private sector, the trade unions and the Central Bank.
The first sets of recommendations from the two groups were received on March 22 and 23, and one of the Working Groups is scheduled to submit its final recommendations later on Wednesday, according to a brief government statement.

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