Barbados: Staff Report for the 2011 Article IV Consultation

January 19, 2012

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Barbados: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed September 20, 2024

Summary

This 2011 Article IV Consultation highlights that the difficult global economic conditions continue to hit Barbados with growth at anemic levels. The current account deficit has widened in recent times owing to higher oil and food prices. Executive Directors commended the authorities for adopting a revised Medium-Term Fiscal Strategy aimed at generating a balanced budget. They emphasized that fiscal consolidation should focus on expenditure reduction, including lowering the wage bill, reducing transfers to public enterprises, and minimizing tax exemptions.

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

Keywords: Barbados, Barbados' economy, Caribbean, CR, Debt, Deficit target, Discussions of article IV consultation, Executive board discussion, Global, Government debt management, ISCR, Price GDP data, Private sector development, Pro-growth public sector investment, Public sector, Real gross domestic product, Tourism

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/007
Stock No:

1BRBEA2012001
ISBN:

9781463932497
ISSN:

1934-7685

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