Barbados is expected to secure another US$57 million from the International Monetary Fund next month as it reports a major turnaround in the country's economic and fiscal performance.
The Finance Ministry says the authorities, backed by successful reforms and a continued period of economic growth, are now ensuring that Barbadians genuinely can own the recovery from the past five years of austerity.
The IMF staff mission chief for Barbados, expressed pleasure that the Barbadian economy is continuing to grow strongly after multiple shocks of recent years and expect this period of sustained, solid growth and moderated inflation to continue.
The IMF on Wednesday concluded its weeklong talks which saw the completion of the fourth review of the IMF's Extended Fund Facility and Resilience and Sustainability Facility arrangements with Barbados.
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