Barbados: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Barbados
IMF Staff Country Reports, October 4, 2018
Source details
- Canonical URL
- Barbados: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Barbados
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Bibliographic details
- Published: October 4, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484378786.002
Request overview
- The authorities requested a 4-year EFF arrangement.
- The request reflects the structural nature of fiscal imbalances and an extensive need for structural reforms to support fiscal consolidation and growth promotion.
- A prior action on launching the domestic part of the debt restructuring would be supplemented by a medium-term structural reform agenda.
IMF staff assessment and support
- IMF staff supports the authorities’ request for a four-year extended arrangement under the EFF in the amount of 220 percent of quota.
- Support is grounded in Barbados’ balance-of-payments needs and the comprehensive package of measures proposed by the authorities.
Program design and objectives
- Duration: 4-year arrangement.
- Main aims:
- Address structural fiscal imbalances.
- Implement extensive structural reforms to support fiscal consolidation.
- Promote growth.
- Execute domestic debt restructuring as a prior action, complemented by a medium-term structural reform agenda.
Key statistics and publication metadata
- Pages: 89
- Volume: 2018
- Issue: 290
- Series: Country Report No. 2018/290
- DOI: https://doi.org/10.5089/9781484378786.002
- Stock No: 1BRBEA2018003
- ISBN: 9781484378786
- ISSN: 1934-7685
Subjects and keywords
- Subjects: Arrears, Asset and liability management, Debt restructuring, External debt, Fiscal policy, Fiscal stance, Public debt
- Keywords: Arrears, Barbadian authorities, Caribbean, cost-efficient government financing, CR, debt advisor, Debt restructuring, financing, Fiscal stance, government, government of Barbados, governments of Canada, ISCR, w IMF disbursement
Source: Barbados: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Barbados (IMF Staff Country Reports 2018, Issue 290).
Content in this bundle
- Country Report