Barbados, Feb. 11 -- The World Bank Group endorsed a new Country Engagement Note for Barbados, formally marking a new phase of engagement with Barbados and the country's return to the International Bank for Reconstruction and Development.Barbados, a Caribbean island with a population of approximately 300,000, reached the income threshold for graduation from the International Bank for Reconstruction and Development - the World Bank Group's lending arm that provides financing and policy support to middle-income and creditworthy low-income countries - in 1994. However, the country has experienced economic challenges that have hindered its development since then. While the country enjoyed steady growth for over a decade after its graduation, th...