The ratings on Barbados are supported by: Political stability, underscored by broad agreement on sound economic and social policies that underpins responsible government spending targeted toward infrastructure and education. As a result, Barbados has a well-skilled population and GDP per capita of approximately US$10,000 (slightly below that of the 'A' median). A favorable external position. The public sector's net external debt is expected to be a low 5% of current account receipts (CAR) in 2003, while the banking sector is projected to have a balanced net external position. Barbados is projected to have reserve coverage for 4.5 months of imports in 2003. Monetary and economic stability, underpinned by a credible and effective fixed parity with the U.S. dollar. Inflation is
