Barbados: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

September 13, 2007

Preview Citation

Format: Chicago

Barbados: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 24, 2024

Summary

This 2007 Article IV Consultation highlights that the economy of Barbados has been growing at a solid pace, and the outlook for 2007 is generally favorable. Robust output growth of about 4 percent is expected to continue in 2007, supported by tourism and construction. Inflation, which was pushed up in 2006 by higher energy prices and a temporary import surcharge, is set to decelerate to 5½ percent in 2007. However, the current account deficit, despite having narrowed in 2006, is still high and projected to remain unchanged at about 8½ percent of GDP.

Subject: Balance of payments, Banking, Capital account, Economic sectors, External debt, Financial services, Public debt, Public sector

Keywords: Barbadian authorities, Capital account, Caribbean, Commitment to fiscal consolidation, CR, Debt, Debt objective, Deficit, Executive Board assessment, Global, Government project, IMF staff estimate, ISCR, Liberalization, Public sector

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/315
Stock No:

1BRBEA2007001
ISBN:

9781451806076
ISSN:

1934-7685

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