In a region where, months ago, some countries had been diagnosed with various stages of food insecurity, a visiting team from the International Monetary Fund has concluded, following a visit to Antigua and Barbuda, that the islands’ economic future looks bright and that ““economic activity is on a solid recovery path after a sharp decline during the (COVID 19) pandemic.”
The Fund’s assessment of the state of the twin island territory’s economy comes following a visit to the country by between June 19 and June 25th by a team from the Fund during which it met with government officials in St. John’s to discuss what, according to a release from the Fund, were “recent economic developments, economic outlook, and policy priorities.” The country’s growth for this year is projected by the Fund at 5.5 per cent. The Fund’s assessment of Antigua and Barbuda’s tourism sector, a key plank in its overall economic infrastructure points to what it says is significant growth, having arrived at 98 per cent of pre-pandemic levels during the first four months of 2023.
