BLP

The Creditor Section of the Barbados GIS website has been updated. The following is the full text of a documented dated June 8 but posted on June 11. Source Document Response to Initial Questions Submitted by Creditors 1. Has the government crafted a draft economic adjustment plan to present to the IMF? • The Government and…

Read More MIA WATCH: Barbados Government Response to Initial Questions Submitted by Creditors

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

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

IMF Managing Director Christine Lagarde today issued the following statement on Barbados: Statement by IMF Managing Director Christine Lagarde on Barbados Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made following statement today: “As announced by Prime Minister Mottley earlier today, the Barbados economy has been going through significant challenges for some years.…

Read More MIA WATCH: IMF Boss Issues Statement on Barbados