MIA WATCH: PM calls IMF boss for help

Source: BLP Press Conference

Barbados has been to the IMF on at least two occasions. Both of then have been for a standby arrangement, similar to a line of credit. The first was in 1982 (under the BLP administration) and then in 1992 (under the DLP administration). Source: IMF data from 2009.

From nationnews.com:

We are members of the International Monetary Fund, and last night I called Madame Lagarde, its managing director. I briefed her on the present state of the public finances, the current debt and reserve positions, and assured her that we are committed to taking decisive action to rebuild Barbados. In turn, Madame Lagarde assured me that the IMF stands ready to lend Barbados the necessary assistance and support to these actions.

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