President of Inter-American Development Bank (IDB) Luis Alberto Moreno will visit Barbados next Wednesday for talks with the new administration led by Prime Minister Mia Mottley.
Mottley, who made the announcement of the upcoming visit this afternoon, said the IDB boss has praised Barbados for recent the steps taken by her administration to fix the island’s ailing economy.
“When he called last week [he] said ‘look, we want to come and stand shoulder to shoulder with Barbados because we recognize that Barbados is doing a difficult thing, but it is doing the right thing by acting in this manner,’” the Prime Minister said.
“And they know, as we do, that once we settle this arrangement [with the International Monetary Fund], it unlocks hundreds of millions of development capital for us to fix our broken infrastructure and for us to create the platform for greater competitiveness.”
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