Bert Van Selm News Today

Barbados created history today, becoming the first country in the world to be approved for the newly formed International Monetary Fund’s (IMF) Resiliency Sustainability Facility (RSF). Additionally, the ten-day IMF mission led by Bert Van Selm also approved a staff level agreement for the country’s three-year Extended Fund Facility (EFF), which will give Barbados a special drawing right (SDR) US$110 million. Under the RSF, which would be repaid over a …

WASHINGTON, United States (AFP)— Barbados on Tuesday became the first country to secure agreement on a financing package under a new IMF fund aimed at helping low-income countries tackle the impacts ...

Barbados on Tuesday became the first country to secure agreement on a financing package under a new IMF fund aimed at helping low-income countries tackle the impacts of climate change. A team from the Washington-based lender agreed with the island nations government on a $183 million package throug ..

Barbados on Tuesday became the first country to secure agreement on a financing package under a new IMF fund aimed at helping low-income countries tackle the impacts of climate change.

Discussions between the government of Barbados and the International Monetary Fund (IMF) ahead of a new agreement have started. Prime Minister Mia Mottley and IMF mission chief Bert van Selm met on Tuesday at Ilaro Court and discussed a range of issues ahead of the start of negotiations for the extended fund facility (EFF) and the resilience and sustainability facility (RSF). Mottley provided a progress report on government’s policy initiatives, …

The Caribbean is trapped between crushing debt and a climate disaster caused by rich nations. Prime Minister Mia Mottley is battling for a fairer system.

Across the Caribbean, soaring national debt is a hidden but decisive aspect of the climate crisis, hobbling countries’ ability to protect themselves from disaster. One island’s leader is fighting to find a way out.

Barbados continues to make good progress in implementing its ambitious economic reform program. This is according to the International Monetary Fund (IMF). An IMF team led by Bert van Selm conducted a mission between May 9 to May 13, 2022, to d

BARBADOS has successfully navigated its economic reform and transformation programme with support from the International Monetary Fund (IMF), but a former Opposition leader in that country said th...

The Government of Barbados will decide in the coming months if it will enter into another International Monetary Fund (IMF) programme. Prime Minister Mia Amor Mottley made the disclosure on Friday at the end of an IMF mission to Barbados led by it