Jwala Rambarran, the governor of the Central Bank of Trinidad and Tobago, on January 29 branded the fiscal adjustment required to reduce the Caribbean countries' public debt "neither socially nor politically feasible".

Speaking at a workshop in Port of Spain, Rambarran noted that despite their large debt and wide external current account deficits, countries – naming in particular Barbados – are unwilling to devalue their currencies.

Furthermore, he questioned the success of initiatives