Barbados : 2019 Article IV Consultation, Second Review Under the Extended Arrangement, Request for Completion of the Financing Assurances Review, and Modification of Performance Criteria-Press Releases; Staff Report; and Statement by the Executive Director for Barbados

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

December 18, 2019

Electronic Access:

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Summary:

The Barbadian authorities continue to make good progress in implementing the comprehensive Economic Recovery and Transformation (BERT) plan aimed at restoring fiscal and debt sustainability, rebuilding reserves, and increasing growth. Since May 2018, international reserves have increased from a low of US$220 million (or 5-6 weeks of import coverage) to more than US$600 million at end- October 2019. The completion of a domestic debt restructuring in November 2018 has been very helpful in reducing economic uncertainty, and the terms agreed with domestic creditors have helped to put debt on a clear downward trajectory. Risks to the outlook are elevated but growth could surprise on the upside, with private sector confidence now increasing.

Series:

Country Report No. 19/370

Subject:

English

Publication Date:

December 18, 2019

ISBN/ISSN:

9781513523453/1934-7685

Stock No:

1BRBEA2019002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

120

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