United Kingdom-Anguilla-British Overseas Territory: Staff Report for the 2011 Article IV Consultation

January 20, 2012

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United Kingdom-Anguilla-British Overseas Territory: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

The downturn has accentuated strains on the financial system of Anguilla. The 2011 Article IV Consultation highlights that the growth outlook is improving with major tourism projects getting back on course, although a slow recovery is only expected to begin in 2012. Executive Directors have emphasized that a new fiscal framework is needed with an appropriate balance between current and capital expenditure and in line with the resources available. Fiscal policy should be designed to meet the combined objectives of debt sustainability, deficit reduction, and long-term economic growth.

Subject: Capital spending, Commercial banks, Expenditure, Financial institutions, Fiscal policy, Public debt, Revenue administration

Keywords: Anguilla, Article IV consultation discussion, Boom, Capital spending, Caribbean, Commercial banks, CR, Discussion, Executive board assessment, Executive board discussion, FDI boom, Financing constraint, Global, ISCR

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/008
Stock No:

1AIAEA2012001
ISBN:

9781463930523
ISSN:

1934-7685

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