The Executive Board of the International Monetary Fund, IMF, has advised the Barbados government to sell some state assets, in order to raise money to repay and lower its public debt.
The IMF ended an Article-Four consultation with Barbados on June 19.
It says Barbados faces daunting challenges, including external risks, high fiscal deficit and debt levels and business competitiveness.
As a result the government is being urged to implement a comprehensive reform programme that includes strong fiscal adjustment and structural reforms to foster growth along with external debt sustainability.
Unemployment in Barbados last year stood at 12-point-3-percent, with the economy growing by only zero-point-2-percent.
The IMF expects the economy to grow by 1-percent in 2015.