Critics accuse Barbados authorities of monetary financing

Government says it is using SDRs to buy bonds, while governor says purchases are legal

Central Bank of Barbados building
Central Bank of Barbados

An opposition figure and an economist have charged that the Central Bank of Barbados is creating money to fund the government.

Prime minister Mia Mottley and her adviser have rejected these charges, saying that the central bank is using IMF special drawing rights (SDRs) to purchase government bonds.

Section 62 of the central bank law states that during “a public emergency”, the CBB can “purchase marketable securities issued by the government or any publicly owned institution on the primary

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account