United Kingdom-Anguilla-British Overseas Territory: Staff Report for the 2011 Article IV Consultation

International Monetary Fund

No 2012/008, IMF Staff Country Reports from International Monetary Fund

Abstract: The downturn has accentuated strains on the financial system of Anguilla. The 2011 Article IV Consultation highlights that the growth outlook is improving with major tourism projects getting back on course, although a slow recovery is only expected to begin in 2012. Executive Directors have emphasized that a new fiscal framework is needed with an appropriate balance between current and capital expenditure and in line with the resources available. Fiscal policy should be designed to meet the combined objectives of debt sustainability, deficit reduction, and long-term economic growth.

Keywords: ISCR; CR; article IV consultation discussion; discussion; boom; Anguilla; financing constraint; executive board discussion; FDI boom; executive board assessment; Capital spending; Commercial banks; Caribbean; Global (search for similar items in EconPapers)
Pages: 38
Date: 2012-01-20
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