Barbados: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados
IMF Staff Country Reports, May 30, 2018
Source details
- Canonical URL
- Barbados: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados
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Bibliographic details
- Published: May 30, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484358276.002
Fiscal developments and projections
- Deficit declined to 4.4 percent of GDP in 2016, "about of half that in 2014", owing to lower energy prices and a recovery in export earnings.
- Fiscal deficit is estimated to have declined to 5.5 percent of GDP in FY2016/17.
- IMF staff project further progress in reducing the fiscal deficit, to 4.1 percent of GDP in FY2017/18 without divestment proceeds.
External sector, current account, and reserves
- Current account deficit is projected to narrow to 3.7 percent in 2017, and to 2.9 percent of GDP in 2018 as a result of lower imports.
- Continued weakness in the financial account and delayed privatization will contribute to weak reserves.
Key subjects and thematic areas covered
- Central banks
- Economic sectors
- Fiscal consolidation
- Fiscal policy
- International reserves
- Public debt
- Public sector
- Revenue administration
Keywords highlighted in the report
- banking sector in Barbados
- Caribbean
- CARTAC PFM
- CR
- credit growth
- current account
- deficit
- exchange rate
- financing needs
- Fiscal consolidation
- funding challenge
- funding requirement
- Global
- International reserves
- ISCR
- loan growth
- Non-performing loan ratio
- potential GDP growth
- private sector credit
- private sector credit growth
- Public sector
- real GDP
Content in this bundle
- Country Report