{
  "title": "Barbados: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, August 28, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/barbados-2008-article-iv-consultation-staff-report-staff-statement-and-public-information-22319",
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  "summary": "Barbados’s 2008 Article IV Consultation is focused on policies to balance the conflicting risks to inflation, growth, and medium-term sustainability.",
  "sections": [
    {
      "heading": "Summary and focus",
      "content": "- The consultation is focused on policies to balance the conflicting risks to inflation, growth, and medium-term sustainability.\n- The government has maintained some policy space by postponing the liberalization of the capital account, but options are constrained by high public debt and the peg to the U.S. dollar.\n- Downward-trending annual inflation rates masked pent-up price pressures that have been unleashed.\n- The government stressed its commitment to fiscal prudence, with a view to balancing the central government accounts over the medium term."
    },
    {
      "heading": "Major macroeconomic constraints and risks",
      "content": "- High public debt constrains policy options.\n- The peg to the U.S. dollar limits exchange-rate and monetary policy flexibility.\n- Postponement of capital account liberalization preserved some policy space but did not eliminate constraints."
    },
    {
      "heading": "Inflation and price dynamics",
      "content": "- Annual inflation rates were trending downward but concealed pent-up price pressures that later emerged."
    },
    {
      "heading": "Fiscal stance and medium-term outlook",
      "content": "- The government emphasized fiscal prudence.\n- Policy objective: balancing the central government accounts over the medium term."
    },
    {
      "heading": "Publication metadata and identifiers",
      "content": "- Pages: 43\n- Volume: 2008\n- Issue: 295\n- Series: Country Report No. 2008/295\n- DOI: https://doi.org/10.5089/9781451806090.002\n- Stock No: 1BRBEA2008001\n- ISBN: 9781451806090\n- ISSN: 1934-7685\n- Publication date on landing page: August 28, 2008"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Balance of payments, Current account, Economic sectors, External debt, Inflation, Prices, Public debt, Public sector\n- Keywords: budget proposal, Caribbean, CR, Current account, GDP estimate, Global, Inflation, inflation expectation, ISCR, Public sector, sc, staff appraisal, staff projection\n\nIMF Staff Country Reports — Barbados: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion\n\n---\n\n Content in this bundle\n\n- cr08295\n  - cr08295 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08295 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 28, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451806090.002",
    "The consultation is focused on policies to balance the conflicting risks to inflation, growth, and medium-term sustainability.",
    "The government has maintained some policy space by postponing the liberalization of the capital account, but options are constrained by high public debt and the peg to the U.S. dollar.",
    "Downward-trending annual inflation rates masked pent-up price pressures that have been unleashed.",
    "The government stressed its commitment to fiscal prudence, with a view to balancing the central government accounts over the medium term.",
    "High public debt constrains policy options.",
    "The peg to the U.S. dollar limits exchange-rate and monetary policy flexibility.",
    "Postponement of capital account liberalization preserved some policy space but did not eliminate constraints.",
    "Annual inflation rates were trending downward but concealed pent-up price pressures that later emerged.",
    "The government emphasized fiscal prudence.",
    "Policy objective: balancing the central government accounts over the medium term.",
    "Pages: 43",
    "Volume: 2008",
    "Issue: 295",
    "Series: Country Report No. 2008/295",
    "DOI: https://doi.org/10.5089/9781451806090.002",
    "Stock No: 1BRBEA2008001",
    "ISBN: 9781451806090",
    "ISSN: 1934-7685",
    "Publication date on landing page: August 28, 2008",
    "Subject: Balance of payments, Current account, Economic sectors, External debt, Inflation, Prices, Public debt, Public sector",
    "Keywords: budget proposal, Caribbean, CR, Current account, GDP estimate, Global, Inflation, inflation expectation, ISCR, Public sector, sc, staff appraisal, staff projection",
    "**_cr08295**"
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