The pathway to a renewed and revitalised Barbados economy was rolled out yesterday.
Government’s five-man economic team outlined the Barbados Economic Recovery Transformation (BERT) programme, a multi-pronged approach aimed at reducing Government’s debt and improving the foreign exchange position, while at the same time retraining and retooling any Barbadian dislocated by the slimming of the public sector, along with making state-owned enterprises less of a drain on the Consolidated Fund.
BERT, which is awaiting endorsement by the International Monetary Fund, is expected to reach its first targets in 18 months. (BA)
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