Cover IMF Staff Country Reports
United Kingdom-Anguilla-British Overseas Territory: Staff Report for the 2011 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 008
Language:
English
Publication Date:
20 Jan 2012
DOI:
https://doi.org/10.5089/9781463930523.002
ISBN:
9781463930523
ISSN:
1934-7685
Pages:
38
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2012: Issue 008