Caribbean RoundUp

The Barbados government has confirmed that a team from the International Monetary Fund (IMF) will join local regulators in inspecting the financial sector.

Minister in the Ministry of Finance Ryan Straughn said that the IMF team will be joined by individuals from the Central Bank of Barbados (CBB) and the Financial Services Commission (FSC) in assessing the island’s entire financial sector.

Straughn added that the regulators would test the sector’s strength, including insurance companies, commercial banks, credit unions, mutual funds, securities, and other financial services operations.

The minister said the assessment would determine where “we stand in relation to what we have done under this very IMF program.” Read More