IMF approves Barbados' new funding programmes – Natio

IMF approves Barbados' new funding programmes – NationNews Barbados — nationnews.com

Barbados created history today, becoming the first country in the world to be approved for the newly formed International Monetary Fund’s (IMF) Resiliency Sustainability Facility (RSF). Additionally, the ten-day IMF mission led by Bert Van Selm also approved a staff level agreement for the country’s three-year Extended Fund Facility (EFF), which will give Barbados a special drawing right (SDR) US$110 million. Under the RSF, which would be repaid over a …

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