Barbados: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

December 15, 2010

Preview Citation

Format: Chicago

Barbados: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed September 27, 2024

Summary

The global crisis has hit Barbados front and center. The broad economic weakness has hurt the labor market, while inflation remains stubbornly elevated. The major challenge ahead is to put public debt on a steady declining path to support both domestic and external stability. A decisive fiscal adjustment is the best way to protect the exchange rate peg while the current monetary stance is broadly appropriate. Banks remain healthy, but tighter regulations are needed. Supervision of nonbank financial institutions needs to be revamped.

Subject: Economic sectors, External debt, Fiscal consolidation, Fiscal policy, Public debt, Public sector, Tourism

Keywords: A number of revenue, Banking system, Barbados economy, Caribbean, CR, Fiscal consolidation, Food voucher payment, Global, ISCR, Measures with a net, Public sector, Spending, Spending measure, Tourism

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/363
Stock No:

1BRBEA2010001
ISBN:

9781455212859
ISSN:

1934-7685

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