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Antigua and Barbuda :, Staff Report for the 2012 Article IV Consultation, Seventh Review under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of Performance Criterion and Request for Waiver of Applicability

This article is a report of the IMF Executive Board’s program for Antigua and Barbuda. The Stand-By Arrangement program was developed as a response to the looming fiscal crisis, which resulted in large fiscal deficits and debts similar to the global crisis. The program is approved to support fiscal adjustment, debt restructuring, reduction of arrears, and financial reforms. The program attained significant progress. The Executive Board takes this potential growth as an achievement in the global competition
Table Of Contents
Cover; EXECUTIVE SUMMARY; CONTENTS; CONTEXT; ECONOMIC AND POLITICAL DEVELOPMENTS; OUTLOOK AND RISKS; PROGRAM PERFORMANCE AND REVIEW; A. ABIB Resolution and Financial Sector Measures; B. Fiscal Policy; C. Structural Reforms; D. Debt Management; MEDIUM-TERM POLICY DISCUSSIONS; A. Growth and Competitiveness; BOXES; 1. Antigua and Barbuda has Lost Ground in Tourism; 2. Exchange Rate and Unit Labor Cost Analyses Point to Overvaluation; B. Fiscal Consolidation and Debt Sustainability; 3. Contingent Liabilities from SOEs are a Major Source of Fiscal Risk; C. Financial Sector Stability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (85 p.)
Specific Material Designation
Form Of Item

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