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The International Monetary Fund has concluded its February visit to Barbados. The team, which met with local officials from February 26-29, was led by Michael Perks.
At the end of the mission, Perks issued a statement in which he confirmed that the island was making strong progress with its economic reform programme, saying:
“Important steps are being taken to advance the structural reform agenda. End-December structural benchmarks aimed at the reform of state-owned enterprises have been implemented. Work is also underway on reforms to strengthen tax administration, public financial management, and the business environment, while also building resilience to climate change under the RSF [Resilience and Sustainability Facility]. Meanwhile, the significant progress made in strengthening the AML/CFT framework has enabled Barbados to exit the Financial Action Task Force grey list.”
Read the full statement here.