Highlights from this evening’s IMF statement: IMF Team Leader Bert van Selm: “Barbados is in a precarious economic situation. International reserves have dwindled to US$220 million, while central government debt is unsustainable. The fiscal deficit has decreased over the last few years but remains large, at about 4 percent of GDP in FY2017/18. Meanwhile, the…

Read More MIA WATCH: IMF Issues Concluding Statement Following June 5-7 Barbados Visit

The Barbados Government today announced the appointment of White Oak Advisory as its financial advisor in the context of debt restructuring. Some facts about White Oak Advisory: The firm is based out of London and lists as its principals: Sebastian Espinosa (Managing Director) and David Nagoski (Executive Director). White Oak bills itself as “the world’s…

Read More MIA WATCH: Some Facts About White Oak Advisory, Recently Appointed Financial Advisor to the Barbados Government

Source: Barbados Government Information Service 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,…

Read More MIA WATCH: Government Announces IMF Mission and Appointment of Financial Advisor

Watch today’s recording of the first session of the House of Assembly 2018-2023 first sitting (Source: BLP Facebook Page). Constitution (Amendment) Bill passes paving the way for Kay Mconney and Rawdon Adams to become Government Senators. Mini-budget to be presented June 11.

Read More MIA WATCH: House of Assembly First Session 2018-2023 First Sitting Video