Barbados: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

September 13, 2006

Summary

Barbados' economy continued to grow, but macroeconomic imbalances worsened. Executive Directors observed that the imbalances are owed to a procyclical fiscal stance, and advised to tighten monetary policy and safeguard the fixed exchange rate regime as an anchor of macroeconomic stability. They also emphasized to strengthen the financial sector regulatory framework and develop the financial market infrastructure. They commended the strong performance of the public pension system, banking indicators, and the agenda of CARICOM Single Market Economy (CSME).

Subject: Banking, Credit, Economic sectors, Fiscal policy, Inflation, Money, Prices, Public debt, Public sector

Keywords: agency outlook, Caribbean, core inflation, CR, Credit, current account, deficit, fiscal policy, Global, Inflation, ISCR, outlook, period inflation, Public sector, Standard & Poor's

Pages:
58
Volume:
2006
DOI:
https://doi.org/10.5089/9781451806069.002
Issue:
323
Series:
Country Report No. 2006/323
Stock No:
1BRBEA2006001
ISBN:
9781451806069
ISSN:
1934-7685

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