Political economist Professor Don Marshall has cautioned that Barbados’ programme with the International Monetary Fund (IMF) will limit Government’s ability to help struggling micro, small and medium-sized enterprises (MSMEs).In fact, stopping short of saying the IMF did not care about the development of the sector, the Director of the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES) argued that the Washington-based financial institution disapproves of state assistance to stimulate those businesses.Prime Minister Mia Mottley announced earlier this month that the Government will be seeking to enter another IMF programme when the current arrangement expires at the end of the month, saying that the Fund is the cheapest form of financing available. Her administration is seeking US$130 million under a three-year programme to support another Barbados Economic Recovery and Transformation (BERT) plan.“The IMF’s lending comes with restrictions on your public policy ma
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Prime Minister Mia Motley Friday announced that Barbados would be seeking a new loan agreement with the International Monetary Fund (IMF) this month, telling Barbadians “these are indeed rough waters”.
In 2018, the Washington-based finan
The decision by Government to rekindle a relationship with the International Monetary Fund (IMF) in order to pursue a second round of the Barbados Economic Recovery and Transformation (BERT) programme is a positive move for the economy.This assessment has come from noted economist Marla Dukharan, who explained that the country was still in need of funding that was difficult to access on the capital market due to high interest rates and the bitter taste of the 2018 debt restructuring still lingering in the mouths of investors.At the same time, however, Dukharan has warned of the need for a new BERT programme to be accompanied by private sector growth, which she said can be done through improvements in the ease and cost of doing business.“I think that the announcement that there will be a renewal of the relationship with the International Monetary Fund is a positive step. If you think about what would have happened in the absence of that, there would be a lot of questions as to how Bar
BRIDGETOWN, Barbados (CMC) Prime Minister Mia Mottley Friday announced that Barbados would be seeking a new loan agreement with the International Monetary Fund (IMF) this month, telling Barbadia.