| Description |
1 online resource (57 pages) |
| Series |
IMF country report ; no. 10/363 |
|
IMF country report ; no. 10/363.
|
| 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 |
|
1. Selected Economic, Financial, and Social Indicators2. NonFinancial Public Sector Operations (Baseline); 3. Public Sector Debt (Baseline); 4. Balance of Payments (Baseline); 5. Selected Vulnerability Indicators (Baseline); Appendices; I. Illustrative Scenarios and Debt Sustainability Analyses (DSAs); II. Status of Implementation of the 2008 FSAP-Update Recommendations; Contents; Appendices; I. Fund Relations; II. Relations with the World Bank; III. Relations with the Inter-American Development Bank; IV. Relations with the Caribbean Development Bank; V. Statistical Issues |
| Summary |
1. The global crisis hit Barbados front and center. Output is expected to have contracted by a cumulative 6 percent from late 2007 through end-2010, with widespread weakness across all major economic activities, especially tourism, financial services, and real estate. Indeed, the fact that the global recession originated in the U.S. and U.K. financial centers-main sources for high-end tourism and real estate investment to the country-explains such negative results. Moreover, as global financial institutions initially sustained large losses, fewer funds flowed to Barbados for treasury management in the offshore sector, and returns on financial investments worldwide diminished. With the outlook for tourism depressed and FDI in high-end properties coming to a sudden stop, construction contracted sharply, falling by a cumulative 26 percent between 2007 and 2009 (Box 1) |
| Notes |
Online resource; title from PDF title page (IMF Web site, viewed May 11, 2011) |
| Subject |
International Monetary Fund -- Barbados
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Debts, Public -- Barbados
|
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Economic indicators -- Barbados
|
|
Debts, Public
|
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Economic history
|
|
Economic indicators
|
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Economic policy
|
| SUBJECT |
Barbados -- Economic conditions
|
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Barbados -- Economic policy
|
| Subject |
Barbados
|
| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
| ISBN |
1283556391 |
|
9781283556392 |
|
9781455248827 |
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1455248827 |
|
