Caribbean Business Report
Despite making progress in its economic reform programme, Barbados still faces “severely depressed” conditions, according to the International Monetary Fund (IMF).
Responding to a request from the Government of Barbados, a team from the IMF, led by Mission Chief Bert van Selm, conducted a virtual staff visit by videoconferencing between August 24-27, 2021. Among the areas of the review were the implementation of Barbados’ Economic Recovery and Transformation (BERT) plan, supported by the IMF under the Extended Fund Facility (EFF).
In a post-visit release, van Selm noted, “Barbados’ economy remains severely depressed by the ongoing global coronavirus pandemic. Tourism activity has picked up in recent months but remains at a fraction of normal levels.”
