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Jun 7, 2016

G.O.B. Braces for Challenging Times After Dismal IMF Report

Patrick Faber

Deputy Prime Minister Patrick Faber is the only elected official within the Barrow Administration to comment on the dismal IMF report.  While he admits that government is bracing for difficult times, he told the media that not only are the dark days ahead brought about by the Super Bond, but government is not taking the IMF’s report too seriously.  He says that this morning, Prime Minister Barrow reiterated that position during the weekly Cabinet Meeting.


Patrick Faber, Deputy Prime Minister

“Well, I think that it is a real picture and we just need to understand that there are some tight times ahead.  Nobody is disputing that, nobody is hiding from that.  But you know, we’ve always been a very resilient people and when it is we have good government we will get through this together.  You know, I know that some don’t like to hear this, especially from the opposition side, but if you watch things, a large part of the trouble ahead will come because now or soon the principal payments on the Super Bond will become payable and this has caused the amount of monies that we have to be finding in the future to be tremendously more than what it is or what it was in the past.  And so, while people don’t like to hear that that is the real or some people don’t like to hear that that is the real situation, we have a great Minister of Finance.  We have good people working in this country, we have good cooperation from the social partners.  I think that people will understand that there are rough times and, you know, I heard the prime minister say this morning that we are absolutely not going to bow to the IMF pressures.  It’s not to say that some of the suggestions that the IMF has made will not be taken into consideration but certainly we cannot put this country under any kind of standby arrangement as is customary when the IMF issues these orders to some countries.  Belize has always resisted that and I was pleased to hear our prime minister say this morning that we will continue to resist that as much as we can and that the mechanisms that we take in order to help ourselves out of the situation that we are in because of the People’s United Party will be homegrown and will be ones that we believe our people can manage as we go on in the struggle to improve Belize.”

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1 Response for “G.O.B. Braces for Challenging Times After Dismal IMF Report”

  1. Hatari says:

    That’s right, don’t listen to the IMF, don’t listen to their professional opinion, because after all, “it no mi, I no do it”. It was those other inept bureaucrats. People, wake the F*#% up! GOB (both colors of them) have screwed up our economy and now WE will suffer the consequences, not those bureaucrats. They get to keep their cozy jobs, and SUV’s and drivers and WE will have to cough up more tax money for them to squander.

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