Page 2 - Bert Van Selm News Today

Barbados has received its final report card from the International Monetary Fund (IMF) on the country’s Extended Fund Facility programme, and just as reported in the six previous missions, Barbados is well on target with all of its goals. The review is subject to approval by the IMF Executive Board next month and once given the thumbs up, US$23 million will be made available to Barbados. Speaking at a press …

Barbados has sought to assure the International Monetary Fund (IMF) that despite battling the economic fall-out from the coronavirus (COVID-19) pandemic, the island had achieved several macroeconomic benchmarks. Minister in the Ministry of Finance

Despite making progress in its economic reform programme, Barbados stil...

Despite making progress in its economic reform programme, Barbados stil...

IMF team leader Bert van Selm on a previous mission trip to Barbados (GIS) Barbados has come in for high commendation for its transparency by the International Monetary Fund (IMF) team which today completed a five-day virtual mission to review Barbados Economic Recovery and Transformation (BERT) programme. Deemed "ambitious and comprehensive" by the IMF team leader Bert van Selm, he said: “In this very challenging environment, Barbados continues to make good progress in implementing its ambit...

Date Time Share IMF Reaches Staff Level Agreement on Fifth Review of Barbados’ Economic Program under Extended Fund Facility End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to manage...

By Robin Mahon At the start of the COVID-19 pandemic last year, Barbados gave several cruise ships permission to anchor off Barbados. In extending this helping hand, mistakes were made that have cost Barbados dearly. The anchoring has destroyed extensive areas of live coral reef on the South and West coasts. This is the conclusion of recently published research carried out at The University of the West Indies. The report also notes that this is an opportunity for Barbados and the region to lear...

Article by Social Share Bridgetown – The coronavirus (COVID-19) pandemic is causing a deep recession in Barbados, but implementation of the Barbados Economic Recovery and Transformation (BERT) programme remains strong and targets are still being met, an International Monetary Fund (IMF) staff mission reported on Friday. The comments came at the end of an IMF staff visit, via videoconferencing, between February 2 and 5, to discuss the implementation of the BERT plan, supported by the IMF...

The global coronavirus pandemic is causing a deep recession in Barbados. Implementation of the Barbados Economic Recovery and Transformation (BERT) program remains strong, despite the COVID-19 shock. Program targets under the Fund-supported program for end-December 2020 were met, and international reserves reached more than US$1.3 billion at the end of December. Washington, DC – February 5, 2021: At the request of the Government of Barbados, an International Monetary Fund (IMF) team led by ...