IMF Staff Country Reports

Antigua and Barbuda: 2025 Article IV Consultation-Press Release; and Staff Report

April 14, 2025

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International Monetary Fund. Western Hemisphere Dept. "Antigua and Barbuda: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 096 (2025), accessed April 25, 2025, https://doi.org/10.5089/9798229008129.002

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Summary

Recent developments. Antigua and Barbuda’s economy continues its expansion, driven by strong tourism activity and one-off events boosting growth in 2024. Inflation also picked up in 2024, departing from regional trends, following higher costs for specific items, notably communication, as well as increases in indirect taxes. With nominal GDP recovering, the public debt-to-GDP ratio has eased from 101 percent in 2020 to an estimated 67 percent in 2024. However, domestic and external arrears are significant, albeit with domestic arrears uncertain in size, and gross financing needs remain high. The financial sector remains stable and liquid.

Subject: Arrears, Credit bureaus, Debt sustainability, Economic and financial statistics, Environment, External debt, External sector statistics, Financial markets, Fiscal policy, Fiscal stance, Government debt planning, Natural disasters, Public debt, Public financial management (PFM), Revenue administration

Keywords: Arrears, Credit bureaus, Debt sustainability, External sector statistics, Fiscal stance, Government debt planning, Natural disasters, Tourism

Publication Details

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