Barbados: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

August 28, 2008

Preview Citation

Format: Chicago

Barbados: 2008 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

Barbados’s 2008 Article IV Consultation is focused on policies to balance the conflicting risks to inflation, growth, and medium-term sustainability. Although the government has maintained some policy space by postponing the liberalization of the capital account, its options are constrained by high public debt and the peg to the U.S. dollar. Downward-trending annual inflation rates masked pent-up price pressures that have been unleashed. The government stressed its commitment to fiscal prudence, with a view to balancing the central government accounts over the medium term.

Subject: Balance of payments, Current account, Economic sectors, External debt, Inflation, Prices, Public debt, Public sector

Keywords: Budget proposal, Caribbean, CR, Current account, GDP estimate, Global, Inflation, Inflation expectation, ISCR, Public sector, Sc, Staff appraisal, Staff projection

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/295
Stock No:

1BRBEA2008001
ISBN:

9781451806090
ISSN:

1934-7685

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