Government meets BERT targets again

• The Government of Barbados continues to meet all the targets and benchmarks set under the Barbados Economic Recovery and Transformation (BERT) Plan, but the IMF Monitoring Committee has warned that it may not continue unless measures are implemented to effectively manage the COVID-19 pandemic, which has put a damper on the economy. 
• For the period ending September 30, 2021, fiscal and monetary targets were met, including the ceiling on public debt, the floor on net international reserves, the floor on social spending and ceiling on public institution arrears. The structural benchmarks required to be achieved under the EFF by the end of September were also met. 
• “Despite the impact of the COVID-19 pandemic combined with the volcanic ashfall and Hurricane Elsa, the Government of Barbados has continued to achieve all of its performance targets and, in particular, the primary balance of zero percent of GDP and the growth in Net International Reserves to levels well above the programme target,” according to the IMF report.

(Source: Barbados Today )