Barbados: Staff Report for the 2005 Article IV Consultation

August 15, 2005

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Barbados: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This 2005 Article IV Consultation highlights that Barbados compares favorably with other Caribbean countries on economic and social indicators. The economy is heavily dependent on tourism and financial services. The population is about 272,000, and per capita income is about US$15,700. Poverty rates are the lowest in the Caribbean. Structural reforms have advanced in taxation, telecommunications, and the public enterprise sector. Corporate and personal tax rates have been further lowered, in line with the multiyear reduction in these rates initiated in FY2002/03.

Subject: Balance of payments, Current account deficits, Economic sectors, External debt, Government debt management, Public debt, Public financial management (PFM), Public sector

Keywords: Caribbean, Central bank, CR, Current account, Current account deficits, Debt ratio, Deficit, Exchange rate, GDP deflator, Global, Government debt management, Interest rate, ISCR, Private sector, Private sector credit, Public sector, Public sector deficit

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/297
Stock No:

1BRBEA2005001
ISBN:

9781451806052
ISSN:

1934-7685

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