OVERVIEW

Despite significant economic and social progress in recent decades, the 2008 international downturn exposed structural weaknesses that suppressed growth, challenged macroeconomic stability and confirmed the need to enhance competitiveness and create a more resilient environment to both external economic shocks and climate change. The IDB assists the Government of Barbados in restoring sustainable growth in Barbados’ economy by supporting greater private sector competitiveness and enhancing efficiency in service delivery by the public sector, with focus on foreign currency-earning sectors and mitigation of the risk of external shocks from commodity price spikes, slow recovery of traditional trading partners, natural disasters and the slow onset of climate change impacts. Priority sectors include: (i) Tourism; (ii) Transportation and Logistics; (iii) Energy; and (iv) Integrated Coastal Zone Management and Climate Resilience (ICZM).

Data

  • 0.01 GDP: REAL INDEX, YR ON YR GROWTH, %
    (2012)
  • 46.26 Total Exports (BOP): % of GDP
    (2012)
  • 27.6 Revenues: % of GDP
    (2013)
  • 1.8 CPI: annual average inflation, %
    (2014)
  • 11.72 Unemployment: rate, annual average, %
    (2013)

Loans By Sector

TOTAL
LOANS
$
0.0M

RESULT

152 Projects completed

OUR TEAM ON THE GROUND

Representative: Joel Branski
Address:
"Hythe" Welches Maxwell Main Road
BB17068
Christ Church, Barbados
Mailing Address:
P.O. Box 402
Bridgetown BB11000, Barbados
(T) (1-246) 627-8500 (F) (1-246) 429-8869

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