July 19, 2018 |
Barbados and the IMF have progressed their talks over debt relief after the new administration invited executives from the multilateral to the island for negotiations and preliminary assessments.
"The Barbadian authorities are taking effective steps to address current economic vulnerabilities," said the IMF mission's leader Bert van Selm.
Discussions between the pair are expected to continue in the coming weeks and one source familiar with the talks said an in-principal agreement could emerge ne
Caribbean island's revised nominal GDP is estimated to reach roughly $5bn for 2018, a 3.5% change