Barbados downplays IMF visit

Barbados downplays IMF visit

The government of Barbados has sought to downplay a visit to Bridgetown this week by a team of officials from the International Monetary Fund (IMF).

The Barbadian government is facing mounting calls to enter a formal arrangement with the International lending agency to fix its struggling economy.

The IMF team reportedly visited the Barbados Finance Minister Chris Sinckler Wednesday.

However, Sinckler said the visit was well within the norm and that the IMF officials were simply paying a courtesy call on the island to collect data ahead of its yearly Article IV Consultation on the country, reports Barbados Today.

According to the website, the Barbados Government is currently struggling to lower its high debt in the order of 140-160 per cent of gross domestic product (GDP) and its fiscal deficit of 5.8 per cent of GDP.

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2 Comments

  1. Anonymous
    June 23, 2017 at 11:59 am Reply

    We maybe next?

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