IMF brainstorming

The Government and its economic advisers will be in “deep consultation” for the next two months as it decides on the next financial partnership with the International Monetary Fund (IMF), Prime Minister Mia Amor Mottley told the country yesterday.

Mottley was a special guest speaker on Starcom Network’s call-in radio programme Down To Brass  Tacks, where she revealed her administration’s cautious moves less than a week after IMF officials in Barbados gave the Government a thumbs-up for meeting all targets of its home-grown Barbados Economic Recovery Transformation programme.

“We have to decide what to do before we go back to the IMF. We will be in deep consultation for the next six to eight weeks to refine exactly where we are going. The mission has to report to the IMF board, and they will do that in June, before the last disbursement under this programme is made.

“We can decide then whether to forget about the IMF and do nothing, go to them for the kind of programme we just had, or we go and ask for a standby programme in the event that we need money,” she said. (BA)

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