In circumstances when trust is low and one party in the relationship has repeatedly resisted doing the right thing, one has to question the future of that relationship.
The adjustment will protect the value of our currency, which is vital to Barbados’ economic prosperity. Figure 4 shows how the Caribbean countries which have devalued have fared, compared with those that have maintained an unchanged value of their currency in terms of the US dollar. Economic growth is the second challenge. The social partners continue to pursue actions to revive the economy.