IMF

Full Press Release: Press Release No. 18/291 FOR IMMEDIATE RELEASE July 12, 2018  IMF Staff Concludes Visit to Barbados  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…

Read More IMF Staff Issue Concluding Statement on Barbados Following July 2 to 12 2018 Visit

Prime Minister Mia Mottley will be meeting with the President of the IDB (Inter-American Development Bank) next week. The IDB is the “main source of multilateral financing in Latin America. It provides solutions to development challenges and support in the key areas of the region.” (Source: IADB website). The PM recently met with the head…

Read More MIA WATCH: Prime Minister Mottley to Meet with IDB President

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

The Barbados Government today announced the appointment of White Oak Advisory as its financial advisor in the context of debt restructuring. Some facts about White Oak Advisory: The firm is based out of London and lists as its principals: Sebastian Espinosa (Managing Director) and David Nagoski (Executive Director). White Oak bills itself as “the world’s…

Read More MIA WATCH: Some Facts About White Oak Advisory, Recently Appointed Financial Advisor to the Barbados Government