Barbados to pay $14m arrears to CDF

BARBADOS WILL PAY UP its US$7.2 million in contribution arrears owed to the CARICOM Development Fund.

Prime Minister Mia Amor Mottley gave this assurance when she addressed the fund’s eighth annual meeting for contributors and donors yesterday at Accra Beach Hotel and Spa.

Declaring her commitment to seeing the Caribbean developed into a common space in all aspects, the Prime Minister said: “Barbados will honour its obligations before the end of this second cycle in spite of being in an IMF programme, because fundamentally, our future is inextricably linked to a successful CARICOM single market and single economy.”

She said Government was working with the fund to determine how best it could settle the arrears it inherited.

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