economy

Full text of Dr. Delisle Worrell – former Governor of the Central Bank of Barbados – October 2018 newsletter: There is a Second Opinion on the Health of the Barbadian Economy In November last year I published a diagnosis and prescription for the economy in The Barbados Economy: The Road to Prosperity, which you may…

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Press Release No. 18/370 FOR IMMEDIATE RELEASE October 1, 2018 IMF Executive Board Approves US$290 Million Extended Arrangement Under the Extended Fund Facility For Barbados The IMF supported program aims to help Barbados: restore debt sustainability, strengthen the external position, and improve growth prospects. Approval of the program allows for the immediate disbursement of about…

Read More IMF PR – Barbados: IMF Executive Board Approves US$290 Million Extended Arrangement Under the Extended Fund Facility

Five Takeaways from the 2019 Trinidad & Tobago Budget 1. Revenue and Expenditure Budget for 2019 at $47.7Bn TTD and $51.7Bn TTD respectively. 2. Super Gasoline price increase from $3.97 TTD to $4.97 TTD per llitre. 3. Economy forecast to grow by 1.9% in 2019. 4. Government will spend $2.6Bn TTD in severance packages for…

Read More Five Takeaways From Trinidad & Tobago Budget 2019

Full Press Release: IMF Reaches Staff-Level Agreement with Barbados on an Economic Program under the Extended Fund Facility September 7, 2018 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…

Read More IMF Reaches Staff-Level Agreement with Barbados on an Economic Program under the Extended Fund Facility

Dr. DeLisle Worrell, former Governor of the Barbados Central Bank, has just circulated, via email, his latest article on how the retrenchment of public sector workers benefits the economy. The full article appears below (reprinted with permission). How the Retrenchment of Public Servants Benefits the Economy The proposed retrenchment of public sector workers, which is…

Read More Former Central Bank Governor on the Benefits of Public Sector Retrenchment

Full Press Release: Press Release No. 18/239 FOR IMMEDIATE RELEASE June 15, 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…

Read More IMF Staff Issue Concluding Statement on Jamaica Following June 11 to 15 2018 Visit