Barbados may be extending what is described as a very successful IMF program with a decision to be made before the end of next month.

This has been disclosed by Prime Minister Mia Amor Mottley at joint news conference with the visiting Managing Director of the International Monetary Fund Kristalina Georgieva .

Miss Mottley spoke of many of benefits Barbados derived from the just ended IMF extended fund facility and indicated a new program could provide access to more than four hundred million Barbados dollars in further financial assistance.

Miss Mottley lavished praise on the IMF for its new resilience trust that lengthens to twenty years the loan repayment time for countries like Barbados with no payments due for the first ten years.

Miss Mottley describers this as a major victory for small island developing states and middle income countries.

Meantime, the IMF chief described the Barbados program as very successful and lavished praise on Barbados’ Prime Minister Mottley.

But Ms. Georgieva also warned that due to spiraling prices and other issues the world faces tough times ahead that she feels will require decisive global action to control inflation.

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