Targets In BERT Are The ‘Conditionalities’

Sharon Austin Top Stories

The “conditionalities” of the International Monetary Fund’s loan are the targets set by this country in the Barbados Economic Recovery and Transformation Program (BERT). That is the word from the Barbados Economic Recovery Team, in response to questions recently posed by retired senior lecturer in economics at the University of the West Indies, Cave Hill Campus, Professor Michael Howard, in …

Q & A: Barbados’ Economic Recovery Programme

bgis Top Stories

Barbados Economic Recovery Team’s responses to the questions posed by Professor Michael Howard on page 26A in the Nation’s Sunday Sun for Sunday, September 9, 2018. Ques: What are the projected dollar cuts for current expenditure over the loan period? Ans: The loan period is for 4 years, with the last disbursement in May 2022. Projected expenditure cuts over this period amount …

Barbados & IMF Reach Staff Level Agreement

Sharon Austin banner, Top Stories

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 …

Commitment Of Resources A Vote Of Confidence

Sharon Austin Top Stories

Barbados’ Economic Recovery and Transformation Programme seems to have received a thumbs up from the International Monetary Fund (IMF). Deputy Division Chief of the Caribbean II Division of the IMF, Bert van Selm, who led the mission to Barbados, told a press conference today that the important commitment of IMF resources was a vote of confidence in the Barbados Economic …

Barbados & IMF To Begin Negotiations This Week

Sharon Austin creditors, Top Stories

Barbados has put together a strong negotiating team and is ready to engage in discussions with the International Monetary Fund’s (IMF) representatives from July 2 to 12. This disclosure has come from Minister in the Ministry of Finance, Ryan Straughn, who said the IMF officials had already started requesting data which Barbados was in the process of finalising. Mr. Straughn …

Another IMF Team Coming In July

Sharon Austin creditors, Top Stories

Another team from the International Monetary Fund (IMF) will be in Barbados next month to begin negotiations with Government. This disclosure came today from Prime Minister Mia Amor Mottley, who said talks earlier this week in Washington with the Managing Director of the IMF, Christine Lagarde, and her team went well. Ms. Mottley told a press briefing at Government Headquarters: …

Prime Minister Mottley Heads To IMF Meeting

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley will lead a three-member delegation for talks with Managing Director of the International Monetary Fund, Christine Lagarde, in Washington, over the next few days. The members of the delegation who are leaving the island this evening with Prime Minister Mottley are: Chief Economic Counsellor to the Minister of Finance, Economic Affairs and Investment, Ambassador Dr. …

IMF Mission Departs & Legal Advisor Appointed

bgis creditors, Top Stories

Barbados Announces Departure of IMF Mission and Appointment of Legal Advisor. The Government of Barbados announced today that a team from the International Monetary Fund (IMF), led by Bert van Selm, has concluded its three-day visit to Barbados. During this visit, the Fund team was updated on the economic and financial situation in Barbados. Preliminary discussions were held on the key …

Arrival Of IMF Mission & Appointment Of Advisor

bgis banner, creditors, Top Stories

Government announced today that a team from the International Monetary Fund (IMF), led by Bert van Selm, had arrived in Bridgetown on a three-day visit. The team will hold discussions with the Prime Minister and Minister of Finance, Mia Amor Mottley, Governor of the Central Bank of Barbados, Cleviston Haynes, other senior government officials, and representatives from the private sector …

IMF Board Concludes 2017 Article IV Consultation

bgis Top Stories

On January 26, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Barbados. Please click here to view the conclusions of the Board.   See also: READ MORE Targets In BERT Are The ‘Conditionalitie… anemptytextlline READ MORE Q & A: Barbados’ Economic Recovery Progr… anemptytextlline READ MORE Barbados & IMF Reach Staff Level …