The IMF Has Concluded its February Visit to Barbados

Author(s): Central Bank Of Barbados

Created 12 Feb, 2019
Tags Debt Restructuring
Categories General Press Release
Views: 14125

The International Monetary Fund (IMF) has completed its four-day visit to Barbados. The IMF team, which was in the island from February 5-8, was headed by Bert van Selm.

In a statement issued by the IMF, van Selm said

“Barbados continues to make good progress in implementing its ambitious and comprehensive economic reform program.

“All indicative targets for end-December under the EFF have been met. The program target for Net International Reserves was met by a wide margin, as was the target for the Central Bank of Barbados’ Net Domestic Assets (NDA). The target for the primary surplus for end-December 2018 was also met by a wide margin.”

He added

“Progress being made by the authorities in furthering good-faith discussions with external creditors is welcome. Continuing open dialogue and sharing of information will remain important in concluding an orderly debt restructuring process.”

Read the full press release here.

Copyright 2019 by Central Bank of Barbados