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IMF reviewing Antigua and Barbuda's economy

Tuesday, February 26, 2013 | 8:20 AM    

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ST JOHN’S, Antigua (CMC) - A five-member team from the International Monetary Fund (IMF), has arrived in Antigua to conduct reviews of the island’s economic performance under the multi-million dollar Stand By Agreement (SBA) with the Washington-based financial institution.

The team is headed by Geoffrey Bannister and has already held meetings with various public and private sector representatives to discuss economic developments in Antigua and Barbuda.

In June 2010, the IMF approved a US$117.8 million loan to support the implementation of Antigua and Barbuda’s Fiscal Consolidation Programme.

The island has received five disbursements to date and is to receive two other disbursements before the SBA ends in June.

The IMF team is due to leave on Thursday.

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