Govt on right track, says IMF

THE INTERNATIONAL MONETARY FUND (IMF) is back in town to review Barbados economic recovery efforts, and mission chief Bert van Selm likes what he sees.

But while happy that Government had improved its financial performance, including cutting spending, the economist said the IMF expected the economy to decline this year, with growth to “gradually pick up”.

Van Selm was speaking yesterday at the Courtney Blackman Grande Salle, Central Bank, as he and Aasim Husain, deputy director of the IMF’s Western Hemisphere Department, launched the 2019 Regional Economic Outlook for Latin America and the Caribbean.

Responding to questions from the media, van Selm said the IMF team would be here for two weeks to conduct the second official review of the US$290 Extended Fund Facility programme with Barbados.

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