Barbados: Staff Report for the 2004 Article IV Consultation

May 26, 2004

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Barbados: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed September 20, 2024

Summary

This 2004 Article IV Consultation highlights that Barbados’s economy has recovered partially from the 2001–02 recession, as real GDP grew by an estimated 2 percent in 2003, led by a recovery in the tourism sector. Inflation remained low at 1.5 percent, reflecting the currency peg. The external current account deficit widened in 2003, as merchandise exports declined and imports recovered from their low recession levels. Broad money growth decelerated in 2003, although it was still faster than GDP growth, and banks became increasingly liquid.

Subject: Economic sectors, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Public sector

Keywords: Barbadian authorities, Barbadian economy, Capital, Caribbean, CR, Current account, Deficit, Economy, Global, Government debt management, Government pension, Growth prospect, ISCR, Public sector, Recession, Sequenced approach, Target deficit

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/154
Stock No:

1BRBEA0022004
ISBN:

9781451806038
ISSN:

1934-7685

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