IMF / BARBADOS CONGO

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23-May-2019 00:02:00
The International Monetary Fund (IMF) rejected criticism by opposition politicians in Barbados that its program with the island undercuts social spending and supports the progress made to date by Barbados, spokesman Gerry Rice told reporters in Washington, DC. IMF

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STORY: IMF / BARBADOS CONGO
TRT: 02:00
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 23 MAY 2019, WASHINGTON, DC / RECENT

SHOTLIST:

RECENT, WASHINGTON, DC

1. Wide shot, IMF HQ exterior

23 MAY 2019, WASHINGTON, DC

2. Med shot, walk-up news conference
3. Med shot, reporters
4. SOUNDBITE (English) Gerry Rice, spokesperson, International Monetary Fund (IMF):
“We believe that the Barbados economic reform and transformation plan was actually designed in close consultation with the social partners. That includes the unions who have actually formed a monitoring committee to oversee implementation to ensure that the burden of adjustment the burden of reform is spread widely with the domestic financial sector making a major contribution, with the domestic debt restructuring that was completed late last year. In addition, the program in Barbados does have a floor on social spending and the December and March targets for social spending, I can tell you were met with a margin, actually with fairly ample margin all of which goes to say underlines the importance that the barbarian authorities attach to maintaining adequate social spending in the context of the program. And I can say the IMF fully supports these, fully supports these measures.”
5. Med shot, reporters
6. SOUNDBITE (English) Gerry Rice, spokesperson, International Monetary Fund (IMF):
“I just like to sort of state the fact of the matter that discussions with the Republic of Congo in respect of possible fund support for Congo have been exclusively between fund staff and the authorities. No one else. It's an important point.”

RECENT, WASHINGTON, DC

7. Close up, IMF sign

STORYLINE:

The International Monetary Fund (IMF) rejected criticism by opposition politicians in Barbados that its program with the island undercuts social spending and supports the progress made to date by Barbados, spokesman Gerry Rice told reporters today (23 May) in Washington, DC.

Barbadian Senator Crystal Drakes has hit out at the Mia Mottley administration that despite meeting the benchmarks set under the IMF-sanctioned Barbados Economic Recovery and Transformation program, overall the government is failing to provide for the people.

Rice stated that “the Barbados economic reform and transformation plan was actually designed in close consultation with the social partners” including unions which “have actually formed a monitoring committee to oversee implementation to ensure that the burden of adjustment the burden of reform is spread widely with the domestic financial sector making a major contribution, with the domestic debt restructuring that was completed late last year.”

In addition, Rice said, “the program in Barbados does have a floor on social spending and the December and March targets for social spending” were met with a “fairly ample margin all of which goes to say underlines the importance that the barbarian authorities attach to maintaining adequate social spending in the context of the program.”

Rice also rejected claims by some that the government of Congo Brazzaville is using insider back channels to negotiate with the IMF.

He said, “discussions with the Republic of Congo in respect of possible fund support for Congo have been exclusively between fund staff and the authorities. No one else.”
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IMF
Alternate Title
unifeed190523d
Asset ID
2398732