Tag Archives: International Monetary Fund (IMF)

IMF Staff Pleased with Barbados so far

September 6, 2019 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. This mission will not result in a Board meeting. Barbados continues to make good

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Closer Look at IMF’s Austerity Programme for Barbados

Submitted by Tee White On 17 May, an IMF team led by Bert van Selm, a Dutch economist and senior IMF functionary, held a press conference in Barbados’ capital, Bridgetown. At this, they announced their findings, after a 10 day review of the country’s implementation of its IMF approved austerity programme, the Barbados’ Economic Recovery and Transformation (BERT) plan. A

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The Grenville Phillips Column – Heed the IMF’s Warning

On 4 October 2018, the International Monetary Fund (IMF) published their report on the Government’s austerity program.  Despite the current administration’s claims of being more transparent that the previous one, reading these IMF reports suggests that they are similarly non-transparent.  Speaking more often does not equate to transparency. The IMF report provides significantly more detail than what is reported locally. 

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IMF Program Unpacked – Our Way of Life Will Change, FOREVER

STAFF APPRAISAL 30. Over the last decade, Barbados economy has experienced very low growth, and fiscal and external imbalances have gradually led to an unsustainable situation, with very high debt, and very low reserves. These challenges must be addressed by a combination of fiscal consolidation, measures to boost growth, and debt restructuring. The authorities’ Economic Reform and Transformation program seeks

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Put Our People at the Centre of Everything and All Will be Well!

Submitted by David A. Comissiong, President, Clement Payne Movement Whether the negotiations that the new Barbados Labour Party (BLP) government has commenced with the International Monetary Fund (IMF) end in Barbados entering into an agreement with the IMF and receiving financial support from that institution, or end with both parties not agreeing on terms and walking away from each other,

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