IMF says Antigua made “excellent progress” in restoring debt sustainability

WASHINGTON, CMC – The International Monetary Fund (IMF) says Antigua and Barbuda has made “excellent progress” towards achieving its goal of restoring debt sustainability and macroeconomic stability.
An IMF mission headed by Geoffrey Bannister has recently completed a review of the 2010 multi-million dollar Stand-By Arrangement (SBA) to the island.
“On the fiscal side, the fiscal outturn for March 2013 was well above programme targets, surpassing the performance criterion on the overall fiscal balance and the indicative target for the primary balance by a wide margin.