BUSINESS

Barbados Pass IMF First Economic Reviews

The International Monetary Fund is set to make US$38 million available to Barbados following their successful completion of the first reviews of the Extended Fund Facility and the Resilience and Sustainability Facility arrangements.

The IMF commended Barbados for its efforts in economic reform and climate policy agenda aimed at strengthening fiscal sustainability, advancing structural reforms, unlocking the economy’s growth potential, increasing resilience to climate change, and greening the economy.

It said that these policies are supported by the EFF and RSF arrangements, which were approved on December 7, last year, in an amount equivalent to US$304 million.

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 Edited by Jesus Chan

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