A former central bank governor is urging the Barbados Government and others in the region to rethink their borrowing strategies, suggesting that policy-based loans should be avoided since their results over the years have been disappointing.Economist Dr DeLisle Worrell gave the advice, while excusing such loans from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF) arrangement, in which Barbados is currently engaged.He argued that loans that were not related to infrastructure development, public utilities and public service were bad debt since it was “difficult to identify positive outcomes”.“I believe the time is ripe for a re-evaluation of borrowing strategies by Caribbean governments. Clearly, government borrowing to provide for facilities and equipment to ensure the effective delivery of public services and public utilities is essential for economic development. On the evidence, that seems as far as governments need to go,” said Worrell.“Government borrowing for infrastructure, public utilities and public services is good debt. All other borrowing, except for temporary accommodation under an IMF standby facility, is not,” he posited.