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Barbados government committed to re-shaping economy, says PM

BRIDGETOWN, Barbados (BGIS): The government of Barbados is committed to pursuing a strategy that will systematically reduce its fiscal deficit, and foster economic growth and innovation. This assurance came on Thursday from Prime Minister Freundel Stuart, as he addressed the opening ceremony of a one-day national private/public sector consultation on the economy.

Stuart pledged that the government would work "hand in hand with the leadership in industry, labour and civil society, to create an enabling environment that re-energises the engines of growth and innovation" in the economy, and thus enhance the quality of life of Barbadians.

However, he warned that this country needed to be more competitive, more productive and committed to a much higher quality of service, stressing that this could not be achieved overnight, but would require that all concerned worked "assiduously to achieve personal and national goals".

The prime minister told the gathering of senior executives in the private and public sectors that: "We must eschew drifting into a community more concerned with highlighting what is wrong than with taking the steps necessary to put things right...Let us aim for creativity, not commonplaces; let us aim for innovation, not limitation. This is not a time for division and hollow posturing. If we work together, we will achieve and succeed together."

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