Program Does Not Take Draconian Approach

Sharon Austin Top Stories

The Barbados Economic Recovery and Transformation Program “does not take the draconian and outdated approach” of targeting a specific number for the sending home of public workers. This view was expressed by the Barbados Economic Recovery Team, in response to questions recently asked by retired senior lecturer in economics at the University of the West Indies, Cave Hill Campus, Professor …

Targets In BERT Are The ‘Conditionalities’

Sharon Austin Top Stories

The “conditionalities” of the International Monetary Fund’s loan are the targets set by this country in the Barbados Economic Recovery and Transformation Program (BERT). That is the word from the Barbados Economic Recovery Team, in response to questions recently posed by retired senior lecturer in economics at the University of the West Indies, Cave Hill Campus, Professor Michael Howard, in …

Commitment Of Resources A Vote Of Confidence

Sharon Austin Top Stories

Barbados’ Economic Recovery and Transformation Programme seems to have received a thumbs up from the International Monetary Fund (IMF). Deputy Division Chief of the Caribbean II Division of the IMF, Bert van Selm, who led the mission to Barbados, told a press conference today that the important commitment of IMF resources was a vote of confidence in the Barbados Economic …

Growth Needed To Turn Around Economy

Sharon Austin Top Stories

If Barbados’ economy is to recover from where it is today, no “nice tasting medicine” can be given! That is the message from Special Advisor, Professor Avinash Persaud, who said the island’s economic predicament was unlike any it had seen in our lifetime. Professor Persaud expressed this view on Thursday during a media briefing at Government Headquarters, where five members …

PM: Barbados Can Get Out Of Economic Situation

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley is confident that Barbados can get out of its economic troubles and become “fiscally fit”. Ms. Mottley expressed this view on Thursday during a media briefing at Government Headquarters, at which she introduced five members of Government’s economic team. Subsequently, the team delivered a presentation on the Barbados Economic Recovery and Transformation (BERT) Programme. Ms. …