With thousands of Barbadians still jobless, the BERT Monitoring Committee says it is disappointed that “several anticipated projects are yet to commence”.
The economic reform watchdog, which is drawn from private sector and trade union members of the Social Partnership, said Government was meeting its key targets under the Barbados Economic Recovery and Transformation (BERT) plan.
It was also encouraged that the International Monetary Fund’s (IMF) staff had agreed with Government’s desire to ease its fiscal targets.
However, in an eighth public report released yesterday, the committee expressed concern about the potential social fallout from continued high unemployment and project delays.
“The continued elevated levels of unemployment and expiration of unemployment benefits periods raise concerns regarding social implications that the country may face,” said the BERT Monitoring Committee, which is co-chaired by Barbados Private Sector Association chairman Edward Clarke and Barbados Workers’ Union general secretary Toni Moore.