Weekend News / World

IMF in Barbados

By Marion V. Ali, Staff Reporter

Barbadian officials met on Thursday with a team from the International Monetary Fund (IMF) as part of a monitoring program on fiscal measures which aim to restructure their government’s finances.

The IMF representatives have met with that country’s Chamber of Commerce, Central Bank officials and private bankers.

The IMF visit follows a previous statement that the island was suffering from a weak macroeconomic performance that began since 2008 and a 0.7 percent shrink of the economy.

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