Independence celebrations: Student and other outstanding Barbadians receive top honours barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Discussions between the government of Barbados and the International Monetary Fund (IMF) ahead of a new agreement have started. Prime Minister Mia Mottley and IMF mission chief Bert van Selm met on Tuesday at Ilaro Court and discussed a range of issues ahead of the start of negotiations for the extended fund facility (EFF) and the resilience and sustainability facility (RSF). Mottley provided a progress report on government’s policy initiatives, …
With Barbados due to officially end its programme with the International Monetary Fund (IMF) at the end of this month, the Mia Amor Mottley-led administration has taken the decision to seek another arrangement with the Washington-based facility. Details on this latest development, which puts to rest weeks of speculation, were disclosed by Prime Minister Mia Amor Mottley during a press conference hosted at the official residence Ilaro Court yesterday. The …
Government’s promised response to the red flags raised by the Auditor General in his scrutiny of the accounts of ministries and public departments has been as welcome as it is has been intriguing.For most Barbadians, the question remains, what happens now?We are overdue for definitive action on issues of public fiscal management that successive administrations have repeatedly failed to confront.The script has been old and tiresome. Year after year, when the Auditor General report is tabled we express collective shock and outrage at its findings; the blame game between the political parties takes over; no one is held accountable; we mouth support for the Auditor General; then the nine-day wonder passes.We move on until the next report is laid with no fewer alarming findings of glaring deficiencies in financial reporting and record keeping, poor internal controls at state-owned enterprises and reports of failed projects where millions of taxpayer dollars are missing or misspent.The
A new Internal Audit Department will be set up next year as Government seeks to enhance transparency, accountability and good governance in relation to its financial affairs. Director of Finance and Economic Affairs Ian Carrington announced this in the Ministry of Finance’s responses to the Auditor General’s 2021 report. He said in the 64-page report that provision was made, with the passing of the Public Finance Management Act in 2019, …