IMF says “significant progress” made by Antigua and Barbuda

ST. JOHN’S, Antigua, CMC – The International Monetary Fund (IMF) says Antigua and Barbuda has made “significant progress” towards meeting the goals of its fiscal consolidation programme and reduce debt and that it expects the economic recovery to continue in 2013. An IMF mission headed by Geoffrey Bannister has ended a visit to the island to carry out a review of the multi-million dollar Stand By Agreement, St. John’s has with the Washington based financial institution. The team held talks with Prime Minister Baldwin Spencer, Finance Minister Baldwin Spencer as well as other stakeholders within the public and private sector.