Barbados, IMF advance terms over funding package

Barbados, IMF advance terms over funding package

Debt Bonds Capital Markets Barbados Caribbean

Barbados has penned terms with the IMF for a four-year, $290m extended facility fund (EFF) to help the Caribbean island tackle a default and bond restructuring. On Sunday, the government and the IMF held a joint press conference saying the EFF would be disbursed through four tranches worth $50m and four $25m portions. The head of the IMF Barbados' delegation, Bert van Selm said the EFF was reserved for countries that needed balance of payments support and those experiencing slow economic growth.

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial