IMF Staff Country Reports

Barbados: Staff Report for the 2000 Article IV Consultation

Publication Date:

December 4, 2000

Electronic Access:

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Summary:

Barbados has a stable political system, and there is long-standing public consensus on key economic policies, including a fixed exchange rate with the U.S. dollar supported by prudent fiscal and wage policies. Owing to job creation mainly in the private sector, particularly construction, the unemployment rate continued to decline, reaching 9.8 percent at the end of 1999, 2 percentage points lower than a year before. The authorities' medium-term strategy aims at stabilizing and restructuring the economy to address ongoing trade liberalization.

Series:

Country Report No. 2000/158

Subject:

Economic sectors External debt Financial services Offshore financial centers Public debt Public enterprises Public sector