Prime Minister Freundel Stuart is pinning his hopes for the recovery of Barbados’ economy on the Barbados Sustainable Recovery Plan 2018.
He told the business community yesterday the comprehensive, multi-pronged plan, recently approved by Cabinet, was a road map to put Barbados on a path of “steady state equilibrium with a view to propelling the economy to the pre-crisis growth level of an average three per cent, by 2021”.
In his address at the year’s first business luncheon of the Barbados Chamber of Commerce and Industry yesterday at Hilton Barbados, Stuart stressed: “Central to this plan is Government’s commitment to maintain its fixed exchange rate peg with the US dollar at US$1 to BDS$2, while simultaneously keeping people employed.”
The plan was the result of the National Economic and Social Development Recovery Enhancement Programme, which was spearheaded by Government’s Economic Affairs Division in consultation with the Social Partnership. (GC)
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