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IMF dispenses cash, advice for COVID recovery Article by December 10, 2020 The International Monetary Fund on Wednesday announced it is boosting the island’s coffers by nearly $200 million to help it dig out from under the COVID-19 pandemic even as it continues to lend to the island’s two-year-long fiscal revival. As the pandemic’s economic crisis continues to pose a major challenge for the Barbados economy, the IMF’s number two man suggested the way the island does business and diversifying the economy will drive the country’s recovery. But in the IMF’s latest review, Deputy Managing Director and Acting Chairman Tao Zhang also eyed further cuts in Government subventions to state-owned enterprises as necessary to restoring fiscal sustainability.

Tao zhangFund facilityInternational monetary fund onInternational monetary fundDeputy managing directorActing chairman tao zhangExtended fund facilitySpecial drawing rightsBarbados economic recoveryFund supported economic recoveryதாவோ ஜாங்நிதி வசதிசர்வதேச பண நிதி ஆன்சர்வதேச பண நிதிதுணை நிர்வகித்தல் இயக்குனர்நடிப்பு தலைவர் தாவோ ஜாங்