Analysis of Barbados' Current Economic Performance

Author(s): Central Bank Of Barbados

Created 13 Jan, 2015
Categories Economic Press Release
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The fiscal consolidation measures of the past 18 months have stabilised the foreign reserves, and the foreign reserve movements in 2014 reverted to the normal pattern observed in 2010, 2011 and 2012 (Figure 1). The stock of reserves was $1,052 million at the end of December, representing 14.5 weeks of import cover. Of total foreign payments of $5,800 million in 2014, only $92 million, or 1.6 percent, was financed by drawing down reserves.

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