Antigua and Barbuda: 2023 Article IV Consultation-Press Release; and Staff Report

IMF Staff Country Reports, January 23, 2024

Source details

Canonical URL: Antigua and Barbuda: 2023 Article IV Consultation-Press Release; and Staff Report

Real activity is expected to return to prepandemic levels this year, with growth projected at 5.7 percent.
Recovery is driven by a rebound in tourism and construction activity.
The economy is continuing to bounce back from the sharp contraction experienced during the coronavirus disease 2019 pandemic.

The strong recovery from the pandemic provides a window of opportunity to decisively address Antigua and Barbuda’s fiscal and external imbalances, build buffers, and invest in resilience.
Higher revenues and expenditure restraint should reduce the public debt and fiscal financing needs further.

Recommendation to use higher revenues and expenditure restraint to reduce public debt and fiscal financing needs.

Stronger fiscal institutions are needed to enhance the credibility of fiscal plans.
There is scope to improve the oversight and regulation of credit unions.

Pages: 64
Volume: 2024
Issue: 022
Series: Country Report No. 2024/022
DOI: https://doi.org/10.5089/9798400259814.002
Stock No: 1ATGEA2024001
ISBN: 9798400259814
ISSN: 1934-7685
Subject keywords: Arrears, Economic and financial statistics, External debt, External sector statistics, International organization, Monetary policy, Public debt, Real sector statistics, Revenue administration
Keywords: Arrears, Caribbean, debt management strategy, E.C. dollar, ECCB website, External sector statistics, Global, money market rate, Real sector statistics, sound cash management

International Monetary Fund. Antigua and Barbuda: 2023 Article IV Consultation-Press Release; and Staff Report (Country Report No. 2024/022).