The International Monetary Fund is to make US$38 million available to Barbados after it successfully completed the first reviews of the Extended Fund Facility and the Resilience and Sustainability Facility arrangements.
The IMF said Barbados is implementing an ambitious homegrown economic reform and climate policy agenda aimed at strengthening fiscal sustainability, advancing structural reforms, unlocking the economy's growth potential, increasing resilience to climate change, and greening the economy.
It said that these policies are supported by the EFF and RSF arrangements, which were approved on December 7, last year, in an amount equivalent to US$304 million.
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