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Saturday, February 27, 2021
Home News Regional News Barbados: Economy Likely To Lose $150 Million This Month

Barbados: Economy Likely To Lose $150 Million This Month

(Barbados Today) Prime Minister Mia Mottley on Monday pledged to place the health of the nation over tens of millions in potential economic gains as she announced an eleven-day extension to the ongoing Coronavirus lockdown that maintains a strict 7 p.m. to 6 a.m. curfew.

Mottley however expressed confidence in the country’s ability to withstand over $150 million in projected losses over the four-week period. In fact, she disclosed details of an economic response that would ease the financial burden of businesses and individuals ravaged by the pandemic.

The difficult decisions are unfolding at a time when the country battles over 600 active COVID-19 cases.

During an almost hour-long address, Mottley explained the decision to extend the restricting measures until the last day of February was consistent with the best advice of her public health team that includes representation from the Barbados Association of Medical Practitioners (BAMP). The only adjustment after February 17 is the decision to allow minimarts to re-open from Monday to Friday.

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