Statement From Ambassador Dr. Clyde Mascoll

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Statement from Chief Economic Counsellor and Lead Negotiator With The IMF, Ambassador Dr. Clyde Mascoll It is difficult to understand Mr. Stephen’s shattering investor confidence comment. The greatest threat to investor confidence was a possible devaluation of the Barbados dollar. The Barbados Economic Recovery and Transformation programme is designed precisely to protect the value of the dollar which should instil …

IMF Approves Extended Fund Facility

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The Executive Board of the International Monetary Fund (IMF) today approved the staff-level agreement on an Extended Fund Facility, which will give Barbados access to about US $290 million, over the next four years. This disclosure came from Chief Economic Counsellor and lead negotiator with the IMF, Ambassador Dr. Clyde Mascoll, who said the money would be given at a …