The objective of this Technical Cooperation (TC) is to support the Ministry of Finance, Economic Affairs and Investment (MFEI) of Barbados in strengthening its institutional capacity to effectively implement fiscal measures that address the dynamic challenges posed by the demographic transition, climate change and world economic trends, fostering sustainable and resilient growth. This TC is designed to assist in (i) identifying and evaluating fiscal features in the Barbadian public sector that affect firms' productivity, private investment, and business environment; (ii) evaluating institutional capacity and governance to address fiscal challenges posed by external economic trends, fast demographic changes, climate change and natural disasters; and (iii) disseminating knowledge and providing training to facilitate capacity building in the MFEI. By achieving these objectives, the TC will enhance the Barbadian government's capacity to provide effective public administrative services and capital expenditure and consolidate fiscal sustainability, which is required to jumpstart the economy and promote inclusive and sustainable growth.
Project Detail
Country
Barbados
Project Number
BA-T1134
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
REFORM / MODERNIZATION OF THE STATE
Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 400,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 200,000.00