IMF Staff Concludes Virtual Visit to Barbados

• 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.
• Despite this very challenging environment, Barbados continues to make good progress in implementing its ambitious and comprehensive economic reform program, while expanding critical investments in social protection.
• Indicative targets under the Fund-supported program for end-June 2021 were met, and since then international reserves have been further boosted by the recent global SDR allocation.

(Source: IMF)