Antigua and Barbuda

Antigua and Barbuda can immediately withdraw some USD5.3 million from the International Monetary Fund. IMF recently completed its first review of the country’s economic performance under its 36-month standby agreement with the lending institution. The fund noted that the country’s economy is still adversely affected by the poor performance of its tourism industry as well as the weak flow of remittances. IMF urged continued vigilance even as the country has met all structural benchmarks and targets outlined in its standby agreement.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.