Cover IMF Staff Country Reports
Barbados: Staff Report for the 2011 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 007
Language:
English
Publication Date:
19 Jan 2012
DOI:
https://doi.org/10.5089/9781463932497.002
ISBN:
9781463932497
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; debt; Barbados; pro-growth public sector investment; real gross domestic product; price GDP data; deficit target; executive board discussion; private sector development; Barbados' economy; discussions of article IV consultation; Public sector; Government debt management; Tourism; Global; Caribbean
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This 2011 Article IV Consultation highlights that the difficult global economic conditions continue to hit Barbados with growth at anemic levels. The current account deficit has widened in recent times owing to higher oil and food prices. Executive Directors commended the authorities for adopting a revised Medium-Term Fiscal Strategy aimed at generating a balanced budget. They emphasized that fiscal consolidation should focus on expenditure reduction, including lowering the wage bill, reducing transfers to public enterprises, and minimizing tax exemptions.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2012: Issue 007