Barbados Central Bank Governor Reports Progress But Says Growth Will be Slow
The Central Bank of Barbados is reporting some successes in the debt restructuring and public sector reform initiative under the Barbados Economic Recovery and Transformation (BERT) programme being implemented by government.
But Governor Cleviston Haynes says the adjustment efforts are expected to dampen economic activity and the country is projected to record negative growth of 0.25 per cent to 0.75 per cent for 2018.