Debt Restructuring Remains A Challenge In Barbados

Barbados’s rapid implementation of an IMF backed fiscal adjustment programme will support capital inflows over the near-term, relieving pressure on its external accounts. However, Fitch believes the unresolved renegotiation of its external debt will continue to undermine business operations and investment over the coming quarters. An extended or acrimonious renegotiation poses downside risks to medium-term economic forecasts.

(Source: Fitch)