International Monetary Fund (IMF) consultations with the Barbados Government are in full swing, as officials from the United States-based organization met Ministry of Transport and Works (MTW) officials yesterday evening.
In a closed-door meeting at the Pine, St Michael office, IMF Mission Chief for Barbados, Nicole Laframboise, spoke with MTW officials for over an hour.
The meeting is part of the fund’s Article IV consultation with the Government.
The purpose of the IMF nine-day visit is to assess the current economic situation in Barbados and learn more about Government’s plans to address the challenges facing the economy.
“As part of the annual review, the IMF team will meet with economic authorities in Barbados, and private sector and labour representatives. The final report will be reviewed by the IMF executive board in early February,” the fund said in a statement from its Washington, DC offices yesterday.
