Barbados Nation News, 9/15/2009 - IMF: PLAN FOR CLICO

THE INTERNATIONAL MONETARY FUND (IMF) has urged Babados [sic] to be “quick and decisive” in resolving the problem with CLICO Barbados.

In a just-released Article IV Consultation on Barbados, the IMF noted that Government should develop a contingency plan “should the current approach of selling the subsidiaries of CLICO Barbados to private investors prove unsuccessful”.

I wonder if CLICO will provide these “private investors” with detailed audited financial statements? I am sure that many people would love to see the details of how this big conglomerate operates.