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Caribbean & Central America - August 2018 (ISSN 1741-4458)

BARBADOS: The reality sinks in

It didn’t take long for the euphoria to dissipate following the Barbados Labour Party’s landslide victory in the 24 May general election, in which it collected all 30 seats leaving the outgoing Democratic Labour Party (DLP) with no foothold in the House of Assembly. Within weeks, Prime Minister Mia Mottley had to admit that the country’s public debt was 171% of GDP, not 135% as previously thought, and that it was suspending payments on external debt owed to commercial creditors.

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