Tag Archives: imf

Fourth Review – IMF’s Extended Arrangement under the Extended Fund Facility for Barbados

Reproduced from the IMF Website – David, Blogmaster December 9, 2020 The Executive Board of the IMF concluded the fourth review of the IMF’s extended arrangement under the Extended Fund Facility (EFF) for Barbados. The completion of the review allows the authorities to draw SDR 65 million (about US$94 million). Access under the extended arrangement has been augmented by SDR

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IMF Executive Gives Thumbs Up!

The following is Press Release No. 19/235 on Barbados first review under the extended fund facility – David, Barbados Underground IMF Executive Board Completes First Review Under the IMF’s Extended Fund Facility for Barbados and Approves US$48.7 Million Disbursement June 24, 2019 The completion of the review enables an immediate disbursement of SDR 35 million (about US$48.70 million). A four-year

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Review of Barbados Economy January-March 2019 : Government on Track to Meet IMF Targets

The economy continues to be the focus of the Mia Mottley administration.  Although the government should be congratulated for taking decisions unlike its predecessor  – to be expected the public has been vocal in response of the austerity measures. A listen to Governor Haynes reminds the blogmaster of the promise made by the DLP through former Governor DeLisle Worrel regarding

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IMF Approves Extended Fund Facility for Barbados

IMF Press Release No:18/370 IMF Executive Board Approves US$290 million Extended Arrangement Under the Extended Fund Facility for Barbados October 1, 2018 The IMF supported program aims to help Barbados: restore debt sustainability, strengthen the external position, and improve growth prospects. Approval of the program allows for the immediate disbursement of about US$49 million immediately. A comprehensive debt restructuring will

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IF Mia Cares She Should Stop ‘Picking-on’ the Public Service!

Submitted by Charles Skeete [Barbados Underground] There are enough unpaid taxes and debts due and owing to the Government which if vigorous efforts are made to collect would make the spectre of job losses avoidable and that should have been the first order of business on assuming office because there is no such thing as painless layoffs. Whatever strategy is

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The Grenville Phillips Column – Bitter Medicine with a Smile

This first budget provided all of us with the Government’s priorities during economically challenging times.  They evidently consist of sustaining both people and businesses for as long as possible, while giving them bitter medicine with a smile. To be fair, this was the stated priority of the last administration during their budget speeches, but their medicine was unpopular, and delivered

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Bajans MUST Demand Final Word on IMF Deal

Submitted by Tee White The decision of the new BLP government to seek the support of the International Monetary Fund (IMF) for the implementation of its comprehensive economic reform programme has provoked reactions from all sides. Those who support the decision have argued that the country had no alternative, given its poor credit rating and high level of indebtedness. Prime

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Middleclass Caught Between the FSC and Sagicor

A report prepared by the International Monetary Fund (IMF) that reviewed the robustness of the operations of the Financial Services Commission (FSC)- specifically as it pertains to the supervision of Sagicor-  has triggered alarm bells in the local and regional financial market.   Although there is no evidence based on any public reporting Sagicor is not a well run company, the

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IMF Staff Completes 2017 Article IV Mission to Barbados

The IMF released the following report on Barbados today (22/11/2017) – Barbados Underground End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary

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NIS Reserves Projected by IMF to be Exhausted in 2037 – UPP Candidate Craig Harewood Muted by VoB

‘The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.’ – IMF Website The

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