{
  "title": "Barbados: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, September 13, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/barbados-2006-article-iv-consultation-staff-report-staff-statement-and-public-information-19876",
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  "summary": "Barbados' economy continued to grow, but macroeconomic imbalances worsened. Executive Directors observed that the imbalances are owed to a procyclical fiscal stance, and advised to tighten monetary policy and safeguard the fixed exchange rate regime as an anchor of macroeconomic stability.",
  "sections": [
    {
      "heading": "Economic performance and macroeconomic imbalances",
      "content": "- Barbados' economy continued to grow.\n- Macroeconomic imbalances worsened.\n- Executive Directors attributed the imbalances to a procyclical fiscal stance."
    },
    {
      "heading": "Policy recommendations and monetary/exchange-rate stance",
      "content": "- Advised to tighten monetary policy.\n- Advised to safeguard the fixed exchange rate regime as an anchor of macroeconomic stability."
    },
    {
      "heading": "Financial sector and market infrastructure",
      "content": "- Emphasized strengthening the financial sector regulatory framework.\n- Emphasized developing the financial market infrastructure."
    },
    {
      "heading": "Commendations and positive assessments",
      "content": "- Commended the strong performance of the public pension system.\n- Commended banking indicators.\n- Commended the agenda of CARICOM Single Market Economy (CSME)."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Banking, Credit, Economic sectors, Fiscal policy, Inflation, Money, Prices, Public debt, Public sector\n- Keywords: agency outlook, Caribbean, core inflation, CR, Credit, current account, deficit, fiscal policy, Global, Inflation, ISCR, outlook, period inflation, Public sector, Standard & Poor's\n\n---\n\n Content in this bundle\n\n- cr06323 - Executive Summary\n  - cr06323 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06323 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 13, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451806069.002",
    "Barbados' economy continued to grow.",
    "Macroeconomic imbalances worsened.",
    "Executive Directors attributed the imbalances to a procyclical fiscal stance.",
    "Advised to tighten monetary policy.",
    "Advised to safeguard the fixed exchange rate regime as an anchor of macroeconomic stability.",
    "Emphasized strengthening the financial sector regulatory framework.",
    "Emphasized developing the financial market infrastructure.",
    "Commended the strong performance of the public pension system.",
    "Commended banking indicators.",
    "Commended the agenda of CARICOM Single Market Economy (CSME).",
    "Subjects: Banking, Credit, Economic sectors, Fiscal policy, Inflation, Money, Prices, Public debt, Public sector",
    "Keywords: agency outlook, Caribbean, core inflation, CR, Credit, current account, deficit, fiscal policy, Global, Inflation, ISCR, outlook, period inflation, Public sector, Standard & Poor's",
    "**_cr06323 - Executive Summary**"
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