## Barbados: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados

_IMF Staff Country Reports, May 30, 2018_

## Source details

**Canonical URL:** [Barbados: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados](https://www.imf.org/en/publications/cr/issues/2018/05/30/barbados-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45913)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/05/30/barbados-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45913/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/05/30/barbados-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45913/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/05/30/barbados-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45913/bundle-manifest.json)

## Bibliographic details
- Published: May 30, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484358276.002

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### Fiscal developments and projections
- Deficit declined to 4.4 percent of GDP in 2016, "about of half that in 2014", owing to lower energy prices and a recovery in export earnings.
- Fiscal deficit is estimated to have declined to 5.5 percent of GDP in FY2016/17.
- IMF staff project further progress in reducing the fiscal deficit, to 4.1 percent of GDP in FY2017/18 without divestment proceeds.

### External sector, current account, and reserves
- Current account deficit is projected to narrow to 3.7 percent in 2017, and to 2.9 percent of GDP in 2018 as a result of lower imports.
- Continued weakness in the financial account and delayed privatization will contribute to weak reserves.

### Key subjects and thematic areas covered
- Central banks
- Economic sectors
- Fiscal consolidation
- Fiscal policy
- International reserves
- Public debt
- Public sector
- Revenue administration

### Keywords highlighted in the report
- banking sector in Barbados
- Caribbean
- CARTAC PFM
- CR
- credit growth
- current account
- deficit
- exchange rate
- financing needs
- Fiscal consolidation
- funding challenge
- funding requirement
- Global
- International reserves
- ISCR
- loan growth
- Non-performing loan ratio
- potential GDP growth
- private sector credit
- private sector credit growth
- Public sector
- real GDP

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18133-barbadosbundle.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18133-barbadosbundle.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/05/30/barbados-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45913_