A delegation from the International Monetary Fund (IMF) has indicated that the Barbados economy remains severely depressed as a result of the ongoing global COVID19 pandemic.

An IMF delegation concluded a staff visit via videoconferencing on Friday.

The IMF said while tourism is expected to recover gradually in the second half of 2021 and the first half of 2022, risks to the outlook remain.

But IMF official Bert van Selm said despite this very challenging environment, Barbados continues to make good progress in implementing its ambitious and comprehensive economic reform program, while expanding critical investments in social protection.

Readers Bureau, Contributor

Edited by Jesus Chan

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