IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2024-368.html
   My bibliography  Save this paper

Barbados: Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Alternate Executive Director for Barbados

Author

Listed:
  • International Monetary Fund

Abstract

This paper analyzes Barbados’s Fourth Review under the Extended Arrangement under the Extended Fund Facility and the Arrangement under the Resilience and Sustainability Facility. Barbados’ economic growth has remained robust in 2024 driven by strong tourism, business services, and construction. Inflation has moderated and the external position has continued to strengthen, while the public debt-to-gross domestic product ratio has continued to decline. The Barbadian economy expanded by 3.9 percent year-on-year between January and September 2024, driven by tourism, business services and construction. In this context, labor market conditions improved, with unemployment in the first half of the year falling to its lowest level since 2008. The authorities are advancing their ambitious climate policy agenda. A new Electricity Supply Bill has been tabled to enhance competition in the electricity market and encourage local participation in renewable energy investment.

Suggested Citation

  • International Monetary Fund, 2024. "Barbados: Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement," IMF Staff Country Reports 2024/368, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/368
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=559968
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2024/368. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.