IMF gives Antigua passing grade

The International Monetary Fund (IMF) says while the Antigua and Barbuda government has met all the end of September economic performance targets, revenue growth continues to be lower than expected.



In a statement, the IMF staff mission to the island said the focus of the visit was to review ongoing macroeconomic and structural policies and also assess the performance of the multi-million Stand-By Arrangement (SBA) programme’s quantitative targets at the end of September.



He says while the island appears to have met the quantitative performance targets, revenue growth continued to be lower than expected at the time of the SBA approval.



However, he says programmed tax measures have begun to show some positive results in the form of increased collection rates.