IMF

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

Source: Barbados Government Information Service Government announced today that a team from the International Monetary Fund (IMF), led by Bert van Selm, had arrived in Bridgetown on a three-day visit. The team will hold discussions with the Prime Minister and Minister of Finance, Mia Amor Mottley, Governor of the Central Bank of Barbados, Cleviston Haynes,…

Read More MIA WATCH: Government Announces IMF Mission and Appointment of Financial Advisor

IMF Managing Director Christine Lagarde today issued the following statement on Barbados: Statement by IMF Managing Director Christine Lagarde on Barbados Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made following statement today: “As announced by Prime Minister Mottley earlier today, the Barbados economy has been going through significant challenges for some years.…

Read More MIA WATCH: IMF Boss Issues Statement on Barbados