02022cas a2200241 a 4500 AALejournalIMF021416 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513563671 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Barbados : Fourth Review Under the Extended Arrangement, Requests for Augmentation of Access, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Barbados. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (81 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth-but faces major challenges owing to the global coronavirus pandemic. Since May 2018, international reserves have increased from a low of USD 220 million (5-6 weeks of import coverage) to more than USD 1 billion at end-October 2020. This, and a successful 2018-19 public debt restructuring, have helped rebuild confidence in the country's macroeconomic framework. While the local spread of COVID-19 has been successfully contained, allowing for a cautious reopening of the tourism sector in July, economic activity remains severely depressed owing to the global pandemic. Risks to the outlook remain elevated. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/314 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/314/002.2020.issue-314-en.xml IMF e-Library