European Parliament Library

Barbados :, Staff Report for 2013 Article IV Consultation

This 2013 Article IV consultation highlights Barbados’ weak economic performance and high public debt. Foreign reserves are under pressure as fiscal and external imbalances widened in 2012 and further in 2013. Recognizing the need for urgent action, the authorities announced ambitious budget consolidation proposals in 2013 aimed at strengthening the fiscal position and arresting the slide in reserves. Recent fiscal measures, if fully implemented, should stabilize debt levels by 2016. However, downside risks are considerable, and failure to implement corrective policies could result in a disorderly adjustment process. Even with full implementation, fiscal financing pressures and external sector sustainability would remain challenging
Table Of Contents
Cover; CONTENTS; INTRODUCTION; RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Adjustment to Restore Sustainability; B. Reform of Public Enterprises Critical for Managing Public Finances; C. Monetary Policy Should Be Consistent with the Exchange Rate Regime; D. Raising Growth a Challenge, but there is Room for Action; E. Maintaining Financial Stability Will Need Close Monitoring, Stronger Supervision; OTHER; STAFF APPRAISAL; BOXES; 1. Fiscal Adjustment Measures in 2013; 2. Fiscal Multipliers, Fiscal Consolidation, and Growth; 3. Competitiveness Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (85 p.)
Specific Material Designation
Form Of Item

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