IMF to review Antigua’s economic performance

A government statement said that the review, which will end on May 3, is the final under the 36-month SBA. The IMF team will meet with private and public sector officials during the weeklong visit.

In 2010, Antigua and Barbuda was approved for the 36-month SBA of US$118 million, but that figure was downgraded to US$107 million.

In April, the IMF completed the eighth and ninth reviews of the island’s economic performance paving the way for the disbursement of about US$10.1 million and the government said approximately US$25 million is still outstanding.

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