{
  "title": "Barbados: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Barbados",
  "publication": "IMF Staff Country Reports, October 4, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/10/04/barbados-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-release-46283",
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  "summary": "This paper discusses Barbados’ Request for an Extended Arrangement Under the Extended Fund Facility (EFF). The authorities have requested a 4-year EFF arrangement that would be appropriate given the structural nature of fiscal imbalances and the extensive need for structural reforms to support fisca",
  "sections": [
    {
      "heading": "Request overview",
      "content": "- The authorities requested a 4-year EFF arrangement.\n- The request reflects the structural nature of fiscal imbalances and an extensive need for structural reforms to support fiscal consolidation and growth promotion.\n- A prior action on launching the domestic part of the debt restructuring would be supplemented by a medium-term structural reform agenda."
    },
    {
      "heading": "IMF staff assessment and support",
      "content": "- IMF staff supports the authorities’ request for a four-year extended arrangement under the EFF in the amount of 220 percent of quota.\n- Support is grounded in Barbados’ balance-of-payments needs and the comprehensive package of measures proposed by the authorities."
    },
    {
      "heading": "Program design and objectives",
      "content": "- Duration: 4-year arrangement.\n- Main aims:\n  - Address structural fiscal imbalances.\n  - Implement extensive structural reforms to support fiscal consolidation.\n  - Promote growth.\n  - Execute domestic debt restructuring as a prior action, complemented by a medium-term structural reform agenda."
    },
    {
      "heading": "Key statistics and publication metadata",
      "content": "- Pages: 89\n- Volume: 2018\n- Issue: 290\n- Series: Country Report No. 2018/290\n- DOI: https://doi.org/10.5089/9781484378786.002\n- Stock No: 1BRBEA2018003\n- ISBN: 9781484378786\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Arrears, Asset and liability management, Debt restructuring, External debt, Fiscal policy, Fiscal stance, Public debt\n- Keywords: Arrears, Barbadian authorities, Caribbean, cost-efficient government financing, CR, debt advisor, Debt restructuring, financing, Fiscal stance, government, government of Barbados, governments of Canada, ISCR, w IMF disbursement\n\nSource: Barbados: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Barbados (IMF Staff Country Reports 2018, Issue 290).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 4, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484378786.002",
    "The authorities requested a 4-year EFF arrangement.",
    "The request reflects the structural nature of fiscal imbalances and an extensive need for structural reforms to support fiscal consolidation and growth promotion.",
    "A prior action on launching the domestic part of the debt restructuring would be supplemented by a medium-term structural reform agenda.",
    "IMF staff supports the authorities’ request for a four-year extended arrangement under the EFF in the amount of 220 percent of quota.",
    "Support is grounded in Barbados’ balance-of-payments needs and the comprehensive package of measures proposed by the authorities.",
    "Duration: 4-year arrangement.",
    "Main aims:",
    "Pages: 89",
    "Volume: 2018",
    "Issue: 290",
    "Series: Country Report No. 2018/290",
    "DOI: https://doi.org/10.5089/9781484378786.002",
    "Stock No: 1BRBEA2018003",
    "ISBN: 9781484378786",
    "ISSN: 1934-7685",
    "Subjects: Arrears, Asset and liability management, Debt restructuring, External debt, Fiscal policy, Fiscal stance, Public debt",
    "Keywords: Arrears, Barbadian authorities, Caribbean, cost-efficient government financing, CR, debt advisor, Debt restructuring, financing, Fiscal stance, government, government of Barbados, governments of Canada, ISCR, w IMF disbursement",
    "**Country Report**"
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