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IMF Says Barbados Economy "Severely depressed",No Duh..

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First published at 06:44 UTC on May 12th, 2021.

#imf
#worldbank
#lockdowns

TheBarbadianExperiment

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12/05/2021 - In June, Barbados may receive another injection of funds from the International Monetary Fund (IMF) to the tune of about USD $24 million and this comes from under the Extended Fund Facility (EFF) for Barbados. The EFF has a four-year Extended Arrangement for a total amount equivalent to about USD $290 million, or 220 per cent of Barbados’s quota in the IMF. Bert van Selm lead an IMF team that just completed a five-day virtual mission at the request of the government to discuss Barbados’ Economic Recovery and Transformation (BERT) programme. Van Selm said that from the mission's findings between May 3-7, 2021, Barbados has been impacted significantly by the crash of tourism due to COVID-19 and should qualify for more IMF funds.

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