Sustainable Financing Key To Barbados’ Success

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A country can have debt, but it must be sustainable, meaning that the government must be able to meet its obligations to service the debt without accumulating arrears or otherwise compromising its ability to provide important services to its people. This is the word from Minister in the Ministry of Economic Affairs and Investment Marsha Caddle, as she leaves to …

Barbados & IMF Reach Staff Level Agreement

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Government and the International Monetary Fund (IMF) have reached a Staff Level Agreement. Prime Minister Mia Amor Mottley made the announcement today during a press conference at Government Headquarters, after the wrap-up meeting with the IMF. Ms. Mottley said it was an extraordinary achievement by Barbados to reach this point with the IMF in three months, stating that some countries …

Government Working To Reduce Deficit

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Prime Minister Freundel Stuart has given the assurance that Government will continue to take the steps necessary to ensure that the country achieves, over time, the goal of bringing the deficit below the rate of growth of the economy. He made the comments recently while delivering the feature address at the January 2017 Business Luncheon of the Barbados Chamber of …