economy

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

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