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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.