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Financial News

Sep 2018 Financial News

Barbados and IMF Reach Agreement for About $300M in Funding

Sep 07, 2018

Barbados and IMF reach agreement for about $300M in funding.  Barbados PM Mia Mottley speaks in joint press conference with IMF.

  • Nation to receive about $50m in initial tranche
  • Staff-level agreement will be considered by board in early October 2018

* NOTE: Barbados has roughly $600m in dollar bonds outstanding
* NOTE: Mottley took office in June and promptly announced plans to restructure

Friday 07 September, 2018