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Barbados: strategies and measures being implemented under the Barbados Economic Recovery and Transformation (BERT) Programme

The strategies and measures being implemented under the Barbados Economic Recovery and Transformation (BERT) Programme have begun to yield encouraging results.

Governor of the Central Bank, Cleviston Haynes, told business executives attending the Barbados Chamber of Commerce and Industry’s Business Luncheon at the Hilton Hotel recently, that the full scope of the new tax measures and expenditure containment measures should be realised by the fiscal year 2019/2020.

He made the point while noting that the BERT Programme, which is supported by an extended fund facility arrangement with the International Monetary Fund, is intended to facilitate fiscal adjustment measures, reform of the state owned enterprises sector and other structural economic reforms, all intended to create a platform for sustainable long-term growth and promote foreign reserve accumulation.

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