Barbados: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Alternate Executive Director

IMF Staff Country Reports, June 27, 2025

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Barbados: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Alternate Executive Director

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Bibliographic details

• Published: June 27, 2025
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229015653.002

Executive summary and program status

• Paper presents Barbados’ Fifth Reviews under the Extended Arrangement under the Extended Fund Facility (EFF) and the Arrangement under the Resilience and Sustainability Facility (RSF).
• Implementation of the home-grown Barbados Economic Recovery and Transformation plan has remained strong.
• The broad objectives of the EFF and RSF arrangements have been achieved.
• Macroeconomic stability has been reinforced through implemented reforms to boost fiscal sustainability, enhance growth, and build resilience.
• Date of publication: June 27, 2025.

Recent macroeconomic performance

• Growth has been robust.
• Inflation has moderated.
• The fiscal position has improved.
• The external position has improved.
• The public debt-to-gross domestic product ratio has continued to decline.
• Outlook is stable but subject to downside risks due to heightened global uncertainty and vulnerabilities to external shocks and natural disasters.

Policy priorities and reform agenda

• Continue reforms to improve the business environment and boost growth potential.
• Advance the digitalization of government services.
• Invest in skills and education.
• Strengthen measures that underpin fiscal sustainability and resilience to climate-related and other natural disasters.

Thematic coverage and subjects

• Central banks
• Climate change
• Credit
• Environment
• Fiscal policy
• Fiscal stance
• International reserves
• Money
• Public debt

Keywords and classification

• B. government policy
• Caribbean
• Climate change
• climate change risk
• Credit
• development policy loan
• Fiscal stance
• Global
• IMF's Extended Fund Facility
• International reserves
• monetary policy modernization
• policy architecture
• RSF arrangement

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• 1brbea2025001-print-pdf
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  • 1brbea2025001-print-pdf (PDF)