IMF Staff Country Reports

Barbados: 2010 Article IV Consultation-Selected Issues

Publication Date:

December 15, 2010

Electronic Access:

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Summary:

The short-term recovery of the Barbados economy will critically depend on the rebound of demand for its services in its traditional markets. As a small tourist-dependent economy with a fixed exchange rate and volatile capital inflows, Barbados could shore up its external sector through fiscal consolidation and structural reforms to raise sustainable growth rates. Barbados’s financial system appears to have been broadly resilient up to now; preserving its soundness in an environment weakened by the recession requires strengthening the regulatory and supervisory framework.

Series:

Country Report No. 2010/364

Subject:

Balance of payments Current account Current account balance External debt Foreign exchange Real effective exchange rates Real exchange rates

Notes:

Also available in French