economics

Reproduced with permission, the full text of Dr. Delisle Worrell – former Governor of the Central Bank of Barbados – July 2019 newsletter: The one question which always surfaces in response to my lecture “The time has come to permanently retire all our Caribbean currencies” (search for this title on Youtube) is about national sovereignty.…

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Reproduced with permission, the full text of Dr. Delisle Worrell – former Governor of the Central Bank of Barbados – June 2019 newsletter: The Time Has Come to Permanently Retire All Our Caribbean Currencies Caribbean currencies served a crucial purpose when they were first introduced, but they have now become a nuisance in today’s digitised…

Read More DeLisle Worrell: The Time Has Come to Permanently Retire All Our Caribbean Currencies

Press Release No. 18/466 FOR IMMEDIATE RELEASE December 10, 2018 IMF Staff Concludes Visit to The Bahamas End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views…

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Press Release No. 18/459 FOR IMMEDIATE RELEASE December 7, 2018 IMF Staff Concludes Visit to Jamaica End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of…

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Full text of Dr. Delisle Worrell – former Governor of the Central Bank of Barbados – December 2018 newsletter: The Threat of Barbados Dollar Devaluation Remains Prime Minister Mottley’s unprecedented achievement in securing financial support from the IMF, the Interamerican Development Bank and the Caribbean Development Bank, has averted an imminent threat of devaluation. However,…

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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