On January 26, 2018, the Executive Board of the International Monetary Fund concluded the consideration of the Article IV discussion of Barbados. A press release with the Executive Board’s Assessment was issued on January 31.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.

The authorities have not consented to publication of the staff report.

The last Article IV Executive Board Consultation was on January 26, 2018. Listed below are items related to Barbados.

At a Glance

  • 2018 Projected Real GDP (% Change) : 0.5
  • 2018 Projected Consumer Prices (% Change): 5.4
  • Country Population: 0.280 million
  • Date of Membership: December 29, 1970
  • Article IV/Country Report: August 26, 2016
  • Special Drawing Rights (SDR): 12.65 million
  • Quota (SDR): 94.5 million
  • Number of Arrangements since membership: 2

Country Data

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