Barbados: 2026 Article IV Consultation and Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Barbados

The homegrown Barbados Economic Recovery and Transformation (BERT) 2022 Plan and supporting Fund arrangements have reinforced macroeconomic stability and facilitated structural reforms. A sustained improvement in the fiscal accounts has helped put public debt on a firm downward path, while international reserves have been rebuilt to comfortable levels. Barbados has also successfully returned to international capital markets, enabling partial early repayments to the Fund. Important structural fiscal reforms have been completed, alongside steps to strengthen climate resilience. These achievements extend the government’s commendable track record of ownership and program implementation.