Barbados: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, September 13, 2006
Source details
- Canonical URL
- Barbados: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: September 13, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806069.002
Economic performance and macroeconomic imbalances
- Barbados' economy continued to grow.
- Macroeconomic imbalances worsened.
- Executive Directors attributed the imbalances to a procyclical fiscal stance.
Policy recommendations and monetary/exchange-rate stance
- Advised to tighten monetary policy.
- Advised to safeguard the fixed exchange rate regime as an anchor of macroeconomic stability.
Financial sector and market infrastructure
- Emphasized strengthening the financial sector regulatory framework.
- Emphasized developing the financial market infrastructure.
Commendations and positive assessments
- Commended the strong performance of the public pension system.
- Commended banking indicators.
- Commended the agenda of CARICOM Single Market Economy (CSME).
Subject coverage and keywords
- Subjects: Banking, Credit, Economic sectors, Fiscal policy, Inflation, Money, Prices, Public debt, Public sector
- Keywords: agency outlook, Caribbean, core inflation, CR, Credit, current account, deficit, fiscal policy, Global, Inflation, ISCR, outlook, period inflation, Public sector, Standard & Poor's
Content in this bundle
- _cr06323 - Executive Summary