Barbados: 2023 Article IV Consultation and Second Reviews Under the Arrangement Under the Extended Fund Facility and Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Barbados

December 20, 2023

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Barbados: 2023 Article IV Consultation and Second Reviews Under the Arrangement Under the Extended Fund Facility and Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Barbados, (USA: International Monetary Fund, 2023) accessed December 24, 2024

Summary

The authorities are implementing their updated Economic Recovery and Transformation Plan (BERT 2022) and their ambitious climate policy agenda. Barbados has weathered the COVID-19 pandemic and other recent shocks well, amid continued macroeconomic stability. The economy has recovered strongly, driven by a rebound in tourism. The authorities are placing renewed focus on structural reforms with the aim of achieving inclusive and sustainable growth and increasing resilience to climate change while maintaining debt sustainability and social cohesion. Ample international reserves support the exchange rate peg.

Subject: Climate change, Climate finance, Climate policy, Environment, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Caribbean, Climate change, Climate change impact, Climate finance, Climate policy, Climate policy agenda, Global, Growth potential, RSF arrangement, Sector policy

Publication Details

Pages:

180
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/436
Stock No:

1BRBEA2023002
ISBN:

9798400264153
ISSN:

1934-7685

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