The executive board of the International Monetary (IMF), today completed their second review of Barbados’ Economic Recovery and Transformation of BERT program clearing the way for Barbados to draw about a hundred million dollars to add to its foreign reserves.

According to the directors of the IMF, in spite of Barbados’ limited technical capacity, the country has made impressive progress towards achieving fiscal and debt sustainability, rebuilding reserves, reducing uncertainty towards generating growth.

Government economic adviser Dr. Kevin Greenidge says the successful review highlights Barbados’ progress in meeting economic targets.

But he warns there’s a distance to go.