Partnership with IMF ‘successful’
May 15, 2013
ST JOHN’S, Antigua – Coming to the end of the nation’s three-year stand-by-arrangement (SBA) with the International Monetary Fund (IMF), the minister of finance has deemed the partnership a “success.” “We knew what we had to do; we have done it. In June it is exit time and we believe it will place us on a footing to go forward. That is what we have done,” Minister Harold Lovell said in an OBSERVER AM interview yesterday. Last week, the IMF conducted its tenth and final review under the SBA, which was approved in 2010. A satisfactory review, which the minister anticipates, would clear the way for the IMF to release the final disbursement to the nation.
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