IMF: Higher commodity prices and tighter global financing conditions are weighing on economic activity

9
Food donation

The International Monetary Fund says higher commodity prices and tighter global financing conditions are weighing on economic activity.  

The country’s first international bond issuance was delayed in the context of elevated gross financing needs (19 percent of GDP at end-2021).

Inflation accelerated to 8½ percent in July following the surge in global food and energy prices.

The government responded by allowing fuel price pass-through but introducing targeted subsidies to the transport and fishing sectors to keep public transportation fares and seafood prices stable.

An International Monetary Fund (IMF) team, led by Mr. Varapat Chensavasdijai, visited St. John’s during September 20-October 3, 2022, to hold the 2022 Article IV consultation. At the conclusion of the mission, Mr. Chensavasdijai issued the following statement.

CLICK HERE TO JOIN OUR WHATSAPP GROUP

9 COMMENTS

  1. I’m imagine Pringle as PM of Antigua at a Caribbean conference…and ppl around him is like Pringle Pringle wake up is your time to talk…😅

    #UPPdiasporaSleepingDeadDargPringle

    • … Well I’m glad that you think that Gaston “The Cantankerous One” Browne is doing a marvellous job for the citizens of Antigua & Barbuda @ Sad But True. Oh bwoy!

      * nonchalant shrug of shoulders from the inspirational Brixtonian*

        • Hi Scott, I’ve been lucky enough to have worked equally in both the private and public sector for many years, and found strength and weaknesses in equal measures that has helped me on the road to running my own business.

          My take,;for what it’s worth, I fortunately found that doing due diligence, seeking out your competitors strengths and weaknes, your own determination and not forgetting a back-up of funds, just in case of unforseen circumstances (like in my case, the Prime Minister banning Antiguan nationals from returning home during Covid-19).

          In a nutshell, even though the public sector cares more about the welfare of their employees, they waste a lot of the public purse frivolously; whereas, the private sector account for virtually every penny cent that they spend and receive.

          To respond to your question @ Scott, Antigua is way too top heavy in the public sector, and the ABLP government needs to create a lot more revenue streams from the private sector. Simple really!

          They’ve had the money through our taxes to do so, but have wasted so much of it in the wrong areas, and especially in self-enrichment schemes.

          The citizens of Antigua deserves better governance!

      • @Brix love Tone … I see u got offended when u weren’t giving the name upp ass sucker … ok ok you worked hard to earn it …you are now the upp biggest ass sucker … look who easily you get called out .. do u have to comment on everything…. boy u are really hoping upp win so u can collect your box hand… bossman that nar happen so continue enjoying you British pension which is now dog share since the pound is so low… u are now the official ass sucker hip hip hurray fyi I have not party

        • Can someone please translate this PETRI DISH of verbal garbage for me?

          I gave up after the first line of vomitous nonsense … 🤮

          MY GARGANTUAN WORDPLAY EVEN AMAZES ME AT TIMES @ CURIOUS … DON’T YOU THINK?

    • @ Sad But True

      THIS IMF REPORT SHOULD MAKE YOU GUYS CRINGE, BUT I GUESS YOU DO NOT UNDERSTAND ECONOMICS, STATISTICS NOR FINANCE.

      ANTIGUA IS IN A DIRE STATE. BUT NO MATTER WHAT THE ‘god’ TELLS YOU PEOPLE, YOU RUN WITH IT AND BELIEVE IT AS THOUGH YOU ARE UNDER A SPELL.

  2. Thank Joe Biden and the american progressives (marxists) for the shit show that you folks and the rest of the world are experiencing.

    Look to the northwest and raise a middle finger towards america, it won’t change anything but it might make you feel better.

Comments are closed.