ANTIGUA-ECONOMY-IMF approves funds for Antigua and Barbuda
WASHINGTON, CMC – The International Monetary Fund (IMF) says it is making available more than US$10 million to Antigua and Barbuda after completing review of the island’s economic performance under a three-year Stand By Arrangement (SBA) indicating also that the economy is showing signs of gradual recovery after three years of being stagnant.
The IMF said it had also approved a waiver of non-observance of the continuous performance criterion on external arrears.