Bert Van Selm News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, …