Barbados Announces Departure of IMF Mission and Appointment of Legal Advisor
The Government of Barbados announced a team from the International Monetary Fund (IMF), led by Bert van Selm, concluded its three-day visit to Barbados. During this visit, the Fund team was updated on the economic and financial situation in Barbados.
The Government and the IMF will continue to exchange views over the coming weeks, and expect to be able to commence detailed discussions regarding Barbados’s economic reform programme in the coming weeks–a programme that the IMF will be asked to support with financial assistance.
The Government also announced that is has retained the services of Cleary Gottlieb Steen & Hamilton LLP as external legal advisor in the context of the planned debt restructuring that was announced on June 1, 2018.
Information for creditors will be posted periodically at http://gisbarbados.gov.bb/creditors/