
The IMF's Executive Board is expected to consider the proposed arrangement by October and, once approved, Barbados will have immediate access to US$49 million, according to Barbados Today.
The IMF released an official statement on the agreement, stating that
"The success of Barbados' program will require an extraordinary effort and resolve on the part of the authorities and other segments of society, as well as broad international support. While the initial implementation period will be challenging, Barbados will emerge stronger and more dynamic from the program, and it will be better poised to generate growth and job creation for the people of Barbados." It concluded by declaring that the IMF "team would like to take this opportunity to thank Barbados' authorities and the technical team for their openness and candid discussions."
Comment: The IMF thanks Barbados for being their next cash cow.











Comment: There is no great future, on the near or far horizon, for any country at the mercy of the IMF. Buyer Beware. See also: