## 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, October 4, 2018_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/10/04/barbados-request-for-an-extended-arrangement-under-the-extended-fund-facility-press-release-46283/index.md)
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## Bibliographic details
- Published: October 4, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484378786.002

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### Request overview
- 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 assessment and support
- 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.

### Program design and objectives
- Duration: 4-year arrangement.
- Main aims:
  - Address structural fiscal imbalances.
  - Implement extensive structural reforms to support fiscal consolidation.
  - Promote growth.
  - Execute domestic debt restructuring as a prior action, complemented by a medium-term structural reform agenda.

### Key statistics and publication metadata
- 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 and keywords
- 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

*Source: 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).*

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_Source: 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_