A team from the International Monetary Fund (IMF) is in Antigua carrying out a third review of the island’s performance under its multi-million dollar Stand-By Arrangement with the Fund.
The Ministry of Finance said the team from the Washington-based financial institution began that review on Monday.
The mission, which will remain there until Friday, will review the country’s performance up to the end of December 2010.
The IMF delegates are scheduled to meet with officials from the Ministry of Finance, other government ministries and statutory corporations, as well as the banking community and other private sector interests.
Antigua and Barbuda last year passed the first two of the reviews which are required under the US$117.8 million Stand–By Agreement that was approved in June last year.
After the last review, the IMF said that while the government had met all the end of September economic performance targets, revenue growth was lower than expected. It did say, though, that programmed tax measures had begun to show some positive results in the form of increased collection rates. (CMC)
