BERT Monitoring Committee: Slow economic recovery

BERT Monitoring Committee: Slow economic recovery

Government continues to meet its fiscal and monetary targets under the IMF-sanctioned Barbados Economic Recovery and Transformation (BERT) program including the debt ceiling and expenditure limits.

This, despite is spending an extra hundred million dollars on the volcanic ash clean-up and battling the covid-19 pandemic.

However, the BERT Monitoring Committee set-up under the Social Partnership remains concerned about the sluggish economic recovery and the lingering high unemployment that has been hovering at near 20 percent.

That concern has been articulated by MonitoringCommittee Co-Chair, Trisha Tannis, who is also Chairman of the Barbados Private Sector Association.

Mrs. Tannis believes it’s essential that the economy full reopens.

 

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