BRIDGETOWN, Barbados, CMC – The Barbados government has described as “malicious and unfounded” reports that the island has held talks with the International Monetary Fund (IMF). Finance and Economic Affairs Minister Chris Sinckler has also rubbished suggestions that Barbados would be devaluing its local currency which now trades at 50 cents to one United States dollar. “There will be no IMF programme – not now, not June, not this year, and if we act as we are supposed to act, not in the foreseeable future and absolutely no devaluation of the Barbados dollar,’ Sinckler told members of the Barbados Chamber of Commerce and Industry’s (BCCI).
