Barbados : Fourth Review Under the Extended Arrangement, Requests for Augmentation of Access, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Barbados.
Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth-but faces major challenges owing to the global coronavirus pandemic. Since May 2018, international reserves have incre...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Reeks: | IMF Staff Country Reports; Country Report ;
No. 2020/314 |
| Online toegang: | Full text available on IMF |
| Samenvatting: | Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth-but faces major challenges owing to the global coronavirus pandemic. Since May 2018, international reserves have increased from a low of USD 220 million (5-6 weeks of import coverage) to more than USD 1 billion at end-October 2020. This, and a successful 2018-19 public debt restructuring, have helped rebuild confidence in the country's macroeconomic framework. While the local spread of COVID-19 has been successfully contained, allowing for a cautious reopening of the tourism sector in July, economic activity remains severely depressed owing to the global pandemic. Risks to the outlook remain elevated. |
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| Beschrijving item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysieke beschrijving: | 1 online resource (81 pages) |
| Formaat: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Toegang: | Electronic access restricted to authorized BRAC University faculty, staff and students |