Tag Archives: International Monetary Fund (IMF) – Barbados Report

Barbados: “Economy in dire straits” – Exchange Rate in jeopardy – IMF Report

“Economy in dire straits”

Nation News – Barbados. – 26 May 2018

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Barbados’ economic situation is even more dire than initially thought – so serious that our BD$2 to US$1 exchange rate could be in jeopardy.

An analysis of the just released International Monetary Fund (IMF) Barbados Staff Report for the 2017 Article IV consultation that the Freundel Stuart administration refused to make public since January, revealed the agency was extremely concerned about Government’s inappropriate fiscal policies, poor implementation of reforms, and an overall lack of confidence, all of which contributed to Barbados’ large fiscal deficits, high debt, and low foreign exchange reserves.        Continue reading