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

May 30, 2018

Preview Citation

Format: Chicago

Barbados: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Barbados, (USA: International Monetary Fund, 2018) accessed November 23, 2024

Summary

This 2017 Article IV Consultation highlights that Barbados’ 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. The current account deficit is projected to continue to narrow to 3.7 percent in 2017, and to 2.9 percent of GDP in 2018 as a result of lower imports, but continued weakness in the financial account and delayed privatization will contribute to weak reserves. The fiscal deficit is estimated to have declined to 5.5 percent of GDP in FY2016/17. The IMF staff project further progress in reducing the fiscal deficit, to 4.1 percent of GDP in FY2017/18 without divestment proceeds.

Subject: Central banks, Economic sectors, Fiscal consolidation, Fiscal policy, International reserves, Public debt, Public sector, Revenue administration

Keywords: 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

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/133
Stock No:

1BRBEA2018001
ISBN:

9781484358276
ISSN:

1934-7685

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