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Barbados likely to get US$90 million IMF benefit if economic review successful

The International Monetary Fund (IMF) on Friday said Barbados could receive US$90 million in December under the Fund's Extended Fund Facility (EFF) if the island successfully completes another round of review of its economic performances.
 
An IMF team, led by Bert van Selm conducted a virtual mission this week to discuss implementation of Barbados' Economic Recovery and Transformation plan.
 
The IMF official says the COVID-19 pandemic has had a major impact on Barbados' economy, with a double-digit decline in economic activity projected for 2020.


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