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Bank’s say on BERT


SHAWN CUMBERBATCH, [email protected]

Bank’s say on BERT

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The acronyms BERT and IMF are expected to feature prominently when the Central Bank releases its third-quarter economic review on Wednesday.

Governor Cleviston Haynes is likely to report a much-needed boost in the foreign reserves, while projecting a continued contraction of the economy heading into 2019, as Barbadians brace for another period of austerity.

The Central Bank’s economic report card for the July to September period will be the first since Government reached an agreement for US$290 million in support from the International Monetary Fund (IMF).

It is also the first opportunity Haynes will get to address the country on the progress of the Barbados Economic Recovery and Transformation (BERT) plan, and completion of the domestic debt exchange programme managed by the Central Bank. (SC)

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