Barbados : Financial System Stability Assessment
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Summary:
This paper discusses key findings of the Financial System Stability Assessment Report on Barbados. Barbados has a relatively well-developed financial system, including a large offshore sector. The onshore system is dominated by large, regionally active banks. Banking services to the population are also provided by the credit union sector. With a deteriorating fiscal situation and weak growth prospects, Barbados faces considerable macroeconomic vulnerabilities. Although the financial system does not appear to be a source of immediate risk, its position appears to be deteriorating, with implications for systemic stability.
Series:
Country Report No. 14/53
Subject:
English
Publication Date:
February 12, 2014
ISBN/ISSN:
9781484300404/1934-7685
Stock No:
1BRBEA2014002
Format:
Paper
Pages:
64
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