Barbados’ economy is on track, said Prime Minister Mia Amor Mottley.
This was after Mottley and deputy managing director of the International Monetary Fund (IMF), Tao Zhang, met yesterday to discuss the country’s economic position with the implementation of the Barbados Economic Recovery and Transformation (BERT) Programme.
“I think we are both satisfied that we are on track. The country hears me saying all the time that they need to stay the course and we have to stay the course, but we are happy with where we are going,” Mottley said after the meeting.
“We understand where we have capacity limitations and we are trying to fix them, in conjunction with the [International Monetary] Fund, who really has been a good partner for Barbados, by allowing us to execute this homegrown [BERT] programme in circumstances that are peculiar to our attributes as a small nation state and we are grateful for that.”
She stressed that it has not been a one-size fits all prescription for the country, and the understanding of the IMF officials has made a difference.