Barbados: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2006/323, IMF Staff Country Reports from International Monetary Fund

Abstract: Barbados' economy continued to grow, but macroeconomic imbalances worsened. Executive Directors observed that the imbalances are owed to a procyclical fiscal stance, and advised to tighten monetary policy and safeguard the fixed exchange rate regime as an anchor of macroeconomic stability. They also emphasized to strengthen the financial sector regulatory framework and develop the financial market infrastructure. They commended the strong performance of the public pension system, banking indicators, and the agenda of CARICOM Single Market Economy (CSME).

Keywords: ISCR; CR; agency outlook; outlook; period inflation; current account; deficit; Standard & Poor's; core inflation; fiscal policy; Credit; Public sector; Inflation; Caribbean; Global (search for similar items in EconPapers)
Pages: 58
Date: 2006-09-13
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