The latest staff report from the International Monetary Fund on their recent visit to Barbados says exactly what Government has been reporting all along.
So says Senior Economic Advisor to the Barbados Government Dr. Kevin Greenidge.
The one page report, which was released on Friday, states that Barbados’ economy remains severely depressed by the ongoing global coronavirus pandemic.
While tourism is expected to recover gradually in the second half of 2021 and the first half of 2022, risks to the outlook remain.
Dr. Greenidge says the expected economic improvement is based on certain factors.
Dr. Greenidge says the report pointed out that throughout the challenges of the pandemic, Government remained committed to fiscal discipline and prudent economic management, while expanding investment in critical areas.
It also highlighted that Government meet its commitments under the BERT programme.
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