{
  "title": "Barbados: Staff Report for the 2000 Article IV Consultation",
  "publication": "IMF Staff Country Reports, December 4, 2000",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/barbados-staff-report-for-the-2000-article-iv-consultation-3843",
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  "summary": "Barbados has a stable political system, and there is long-standing public consensus on key economic policies, including a fixed exchange rate with the U.S. dollar supported by prudent fiscal and wage policies.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Barbados has a stable political system and long-standing public consensus on key economic policies.\n- The policy framework includes a fixed exchange rate with the U.S. dollar supported by prudent fiscal and wage policies.\n- The authorities' medium-term strategy aims at stabilizing and restructuring the economy to address ongoing trade liberalization."
    },
    {
      "heading": "Labor market and unemployment",
      "content": "- Unemployment rate reached 9.8 percent at the end of 1999.\n- This represented a decline of 2 percentage points compared with a year earlier.\n- Job creation was driven mainly by the private sector, particularly construction."
    },
    {
      "heading": "Macroeconomic and policy framework",
      "content": "- Exchange rate regime: fixed exchange rate with the U.S. dollar.\n- Fiscal and wage policies: described as prudent and supportive of the exchange rate regime.\n- Policy consensus: long-standing public consensus on key economic policies noted as a stabilizing factor."
    },
    {
      "heading": "Strategic priorities and challenges",
      "content": "- Medium-term strategy: stabilizing and restructuring the economy.\n- Primary challenge motivating strategy: ongoing trade liberalization."
    },
    {
      "heading": "Key statistics (as reported)",
      "content": "- Unemployment rate: 9.8 percent (end-1999).\n- Change in unemployment: 2 percentage points lower than a year before.\n\nBarbados: Staff Report for the 2000 Article IV Consultation. December 4, 2000. International Monetary Fund.\n\n---\n\n Content in this bundle\n\n- cr00158\n  - cr00158 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr00158 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 4, 2000",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451805970.002",
    "Barbados has a stable political system and long-standing public consensus on key economic policies.",
    "The policy framework includes a fixed exchange rate with the U.S. dollar supported by prudent fiscal and wage policies.",
    "The authorities' medium-term strategy aims at stabilizing and restructuring the economy to address ongoing trade liberalization.",
    "Unemployment rate reached 9.8 percent at the end of 1999.",
    "This represented a decline of 2 percentage points compared with a year earlier.",
    "Job creation was driven mainly by the private sector, particularly construction.",
    "Exchange rate regime: fixed exchange rate with the U.S. dollar.",
    "Fiscal and wage policies: described as prudent and supportive of the exchange rate regime.",
    "Policy consensus: long-standing public consensus on key economic policies noted as a stabilizing factor.",
    "Medium-term strategy: stabilizing and restructuring the economy.",
    "Primary challenge motivating strategy: ongoing trade liberalization.",
    "Unemployment rate: 9.8 percent (end-1999).",
    "Change in unemployment: 2 percentage points lower than a year before.",
    "**_cr00158**"
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