The Barbados Economic Recovery and Transformation (BERT) programme is to undergo a complete review.
And when that’s done, Government will determine, in consultation with the Social Partnership and people of Barbados, what kind of financial assistance to support its economic programme it can seek from the International Monetary Fund (IMF) if necessary.
The country’s senior economic adviser Dr Kevin Greenidge told the Sunday Sun yesterday the aim is to come up with a new long-term road map and economic strategy that more aligns with the current worldwide environment which has seen the price of oil skyrocket and the Russia/Ukraine war leading to supply chain issues and food shortages worldwide.
Greenidge said BERT 2.0 would take a few months to complete, but there was no doubt the IMF remains Barbados’ best bet for financial assistance. (BA)
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