Antigua St John's - A team from the International Monetary Fund (IMF) was due in Antigua overnight for a series of discussions with the government as part of the periodic assessment of the country’s economic performance under the guidance of the fund.
A senior government official said the team will carry out the assessment to determine whether the country has met the targets set down by the IMF under the Standby Arrangement signed with the government earlier.
Under the Arrangement, Antigua & Barbuda is expected to receive US$124 M to help clear off a number of outstanding external and other debts. However, the IMF has also set certain benchmarks that the government has to meet before each tranche or release of funds will be made.
“The understanding is that the government first has to pass the assessment. Then the team submits a report to the IMF Board which in turn releases the money to the government,” the official explained.
The team will meet with senior government representatives and members of the private sector as part of the assessment.
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13 Comments In This Article
RE: IMF Team Arrives to Antigua For **sment
Antiguan Woman
RE: IMF Team Arrives to Antigua For **sment
Truth
RE: IMF Team Arrives to Antigua For **sment
Disgusted
John French II
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tenman
@ Tenman
www.imf.org/external/region/ecc/rr/index.htm
Tenman, many links have been provided in comments giving specific data and in some cases information from the analysis of the data.
Comments made in the absence of rigorous fact based analysis will lead to the same outcome whether Blues or Reds hold the reins. We need to take a page from your tireless efforts. For example the Regional Economic Outlook: Western Hemisphere has been posted several times with direction to three specific pages 81-83 of Data which would inform A&B's relative position vs OECS, Caricom & Latin America.
Many speak of tourism increases. Take our neighbour with Debt/GDP of 200% and tourism increase. How the He-LL is that Sustainable. The ECCU set them a target of 147% for this year. Quote:
A&B needs your business acumen & political sagacity. Respect.
John French II
John French
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tenman
@ Tenman & fnpsr - IMF & St. Kitts & Nevis
Quote:The IMF has authorized a Standby Loan of $84.0M USD for 3 years.
A&B has improved considerably and notwithstanding the Economy, is doing much better that the other OECS. It is still leading the growth in GDP and the ECCB.
Given the increased role of the Bretton Woods Cabal, Sir Dwight has now totally and fully been following their models and dictates.
Our bloggers are not doing enough research but are speaking from their hearts. Go Well my friends. Respect.
John French II
@ Tenman & fnpsr - It's The North Atlantic Bankers
I believe tha A&B will meet their test. As of March 2011, A&B received $42.7M USD of the $128.0M which you must understand is 600% of A&B's IMF Quota. How many of the Electorate understand this. The IMF has noted: Quote: offshore banking.
Privatization and Public sector employment will be of Concern to the IMF.
John French II
passing grade
carvaa
fnpsr
Quote:. Obviously we have not been meeting this debt obligations, which carries a 10.25 annual interest rate, and I have no doubt there are many others debts not being met. Is there some different standard for passing that the IMF uses that differs from the rest of the world?
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tenman
RE: IMF Team Arrives to Antigua For **sment
"Let's fix the little things before we attempt to fix the little things."
fnpsr
mo money, mo money.
lethal.
RE: IMF Team Arrives to Antigua For **sment
STEVE
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