BRIDGETOWN, Barbados, CMC- The Central Bank of Barbados (CBB) Friday announced that it is collaborating with the Washington-based International Monetary Fund (IMF) to launch the Fund’s Regional Economic Outlook (REO) next month.
It said that the Outlook provides in-depth coverage of recent economic developments in the region, and country-specific analyses of risks ranging from inflation, economic overheating, rising commodity prices, and rapid credit growth, as well as prospects for the private sector, trade and public spending.
The REO is produced twice a year and is launched in a different region every time. The October 13 launch will be the first ever for Barbados.
The IMF Deputy Director, Western Hemisphere Department, David Vegara will release the findings to be followed by a panel discussion featuring leading local academics and at least one person from the business community.
The panel discussion will be moderated by the CBB Governor, Dr. DeLisle Worrell.
“The launch of the REO in Barbados follows on the release of the World Economic Outlook in September in which the IMF predicted a deceleration in the world economic growth this year from five per cent to four per cent,” the CBB said.
