IMF Reaches Staff-Level Agreement with Barbados on a Precautionary Stand-by Arrangement (opens in new tab)

IMF staff and the Barbadian authorities have reached a staff-level agreement on a 36-month precautionary Stand-By Arrangement (SBA). The agreement—which is subject to approval by the IMF Executive Board—will enable Barbados to access SDR 189 million (about US$ 260 million). The IMF Executive Board is expected to consider the request in June.