Saturday, January 20, 2018

B’dos reserves down, debt up*

The foreign reserves of Barbados have continued to fall, according to an IMF team, which concluded an Article IV consultation visit to Barbados on Monday. At the end of September, the island’s net international reserves stood at US$225 million, or just over two months of import cover.  In a press release at the conclusion of the staff visit, team leader Judith Gold said Barbados’s net international reserves “continue to decline as government debt service exceeds new funding, and private foreign inflows remain weak.”

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