October 22, 2024

Caribbean Broadcasting Corporation

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Significant savings from IMF charges review

October 22, 2024

The recent announcement by IMF Managing Director Kristalina Georgieva on the review of charges and the surcharge policy will result in significant savings for the Barbados Government.

The IMF surcharge fees were heavily criticised as they imposed additional charges on top of regular interest payments.

Barbados’ Central Bank Governor Dr. Kevin Greenidge shares what the reduction of about 37% will mean.

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