Barbados has repaid $8.49 billion in debt since 2018, nearly double the $4.83 billion borrowed in that period.
This is outlined in the latest Barbados Economic Recovery and Transformation (BERT) plan (BERT 2026), which has identified maintaining debt and fiscal sustainability as a key pillar of the new programme.
BERT 2026 was laid in the House of Assembly last Tuesday ahead of Parliament’s dissolution yesterday to enable the February 11 General Election.
“Since 2018, Barbados has repaid $8.49 billion in debt, nearly double the $4.83 billion borrowed, demonstrating a firm commitment to restoring the country’s financial integrity,” the new economic reform plan stated.
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