On March 13, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Antigua and Barbuda and endorsed the staff appraisal without a meeting on a lapse-of-time basis. The authorities need more time to consider the publication of the Staff Report prepared for this consultation.[2]
Antigua and Barbuda’s post-pandemic economic expansion is continuing. Real output is estimated to have surpassed pre-pandemic levels in 2024, with growth estimated at 4.3 percent, driven by strong tourism and one-off events (including the 4th International Conference on Small Island Developing States and the T20 Cricket World Cup). Inflation was elevated in 2024, reflecting contributions from specific items, notably communication, as well as increases in indirect taxes.
The recovery in nominal GDP, along with improved fiscal balances, brought down the public debt from around 100 percent of GDP in 2020 to 67 percent in 2024. However, gross financing needs are projected to remain around 10 percent of GDP in the medium term. Substantial domestic and external arrears, albeit with domestic arrears uncertain in size, have limited financing options. The fiscal primary balance improved to 4.6 percent in 2024, aided by indirect tax increases, a broader economic recovery, and one-off factors (e.g., nearly 2 percent of GDP from an asset forfeiture and unusually low capital spending). The 2025 Budget envisages stronger tax revenues and higher capital spending.
According to Eastern Caribbean Central Bank (ECCB) preliminary estimates, the current account deficit narrowed to 7 percent of GDP in 2024, reflecting both a higher service trade balance—mainly tourism receipts—and a smaller goods deficit due to a contraction in imports. FDI inflows were resilient to tightening global financial conditions and continued to support ongoing hotel construction. Credit growth is recovering, with nonperforming loans contained.
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After reading this long article, I have come to the conclusion that the meeting was successful on our part which is good
So how come antigua look so?
🤔
There will be all sorts of feel good news at this time coming out of the Gaston Brown administration.
Crime is running rampant and the Alpha Nero legal case is hearing up.
@Stone
Depend on how you view success. Poverty is increasing, and crime is increasing. The public is in a state of unease.
Corruption is rampant. The rich are getting richer.
The middle class is struggling and fighting hard so they don’t fall above the poverty line.
The authorities need more time to consider the publication of the Staff Report prepared for this consultation
This report is buttressed by an asset for forfiture that going to come back and bite us in our asses. Remember this.
Once white monopoly capital domination in real estate lands on Barbuda to PLH gaining wealth and exchange on the white stock market it’s considered growth by the Rothschild family IMF, you ever here white market put any value on grandma roast corn or sugar cake?
@l Lord Help Us. Every sentence in your paragraph is a lie.
Well if the IMF are extolling the fiscal, financial and economic growth of Antigua & Barbuda, I for one, like many other hardworking Antiguans, hope that Prime Minister Browne will reward us all with $300 dollars each – as we are now doing so great post pandemic – just like the Barbadian Prime Minister Mia Mottley.
I RECALL BROWNE SAYING WE ARE NOW AN ‘ECONOMIC POWERHOUSE’ …
Ah whey we money 💷 dey?
@@Ron,
Prrsent your proof