Antigua and Barbuda: 2010 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Supplements; Public Information Notice; Press Release; and ED's Statement.

September 7, 2010

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Antigua and Barbuda: 2010 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Supplements; Public Information Notice; Press Release; and ED's Statement., (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

The global slowdown has severely affected Antigua and Barbuda’s economy through its impact on tourist arrivals, FDI inflows and remittances, and fiscal revenue. The recession and associated fiscal crisis coincides with already weak public finances and mounting problems in the financial sector. The authorities have taken decisive action to address the fiscal crisis and set the stage for a sustained recovery. The scope for restructuring public debt with domestic banks is limited, and financial sector reform is paramount.

Subject: Arrears, Asset and liability management, Debt restructuring, External debt, Fiscal policy, Fiscal stance, Public debt

Keywords: Arrears, Authorities face, Caribbean, CR, Debt, Debt restructuring, FDI inflow, Fiscal stance, Global, Government, IMF quota, ISCR, SBA arrangement, SDR, Sum equivalent

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/279
Stock No:

1ATGEA2010001
ISBN:

9781455207763
ISSN:

1934-7685

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