European Parliament Library

Barbados :, 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

The global crisis has hit Barbados front and center. The broad economic weakness has hurt the labor market, while inflation remains stubbornly elevated. The major challenge ahead is to put public debt on a steady declining path to support both domestic and external stability. A decisive fiscal adjustment is the best way to protect the exchange rate peg while the current monetary stance is broadly appropriate. Banks remain healthy, but tighter regulations are needed. Supervision of nonbank financial institutions needs to be revamped
Table Of Contents
Cover; Contents; I. Background; Boxes; 1. Tourism Developments; 2. The Authorities' Response to the Recession; II. Outlook and Risks; III. Policy Discussions; A. Fiscal Policy; B. Monetary and Exchange Rate Policies; C. Financial Sector Policies; D. Structural Issues; E. Statistical Issues; IV. Staff Appraisal; Figures; 1. Macroeconomic Developments, 2000-10; 2. Economic Performance in a Regional Context; 3. External Stability; 4. Financial Sector Indicators Compared to its Peers in the Region; 5. Fiscal Sector Developments and Financing; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (58 p.)
Specific Material Designation
Form Of Item

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