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Press Release No. 19/235 FOR IMMEDIATE RELEASE June 24, 2019 IMF Executive Board Completes First Review Under the IMF’s Extended Fund Facility for Barbados and Approves US$48.7 Million Disbursement · The completion of the review enables an immediate disbursement of SDR 35 million (about US$48.70 million). A four-year EFF arrangement was approved on October 1,…

Read More IMF PR: IMF Completes Review, Approves US$48M Disbursement Under Extended Fund Facility For Barbados

Saint Vincent and the Grenadines’ campaign to become a non-permanent member of the United Nations Security Council (UNSC) was a resounding success. Saint Vincent and the Grenadines was able to attain the seat that is allocated to the Group of Latin America and Caribbean States (GRULAC), for the period of January 1, 2020 to December…

Read More Saint Vincent and the Grenadines Wins Bid For Non-Permanent Seat On United Nations Security Council 2020-2022 Term

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,…

Read More DeLisle Worrell: The Threat of Barbados Dollar Devaluation Remains

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