politics

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

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

Watch today’s recording of the first session of the House of Assembly 2018-2023 first sitting (Source: BLP Facebook Page). Constitution (Amendment) Bill passes paving the way for Kay Mconney and Rawdon Adams to become Government Senators. Mini-budget to be presented June 11.

Read More MIA WATCH: House of Assembly First Session 2018-2023 First Sitting Video

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