MIA Watch

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

The Creditor Section of the Barbados GIS website has been updated. The following is the full text of a documented dated June 8 but posted on June 11. Source Document Response to Initial Questions Submitted by Creditors 1. Has the government crafted a draft economic adjustment plan to present to the IMF? • The Government and…

Read More MIA WATCH: Barbados Government Response to Initial Questions Submitted by Creditors

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

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