United Kingdom-Montserrat-British Overseas Territory: 2011 Article IV Consultation

January 20, 2012

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United Kingdom-Montserrat-British Overseas Territory: 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed November 27, 2024

Summary

The 2011 Article IV Consultation highlights that low growth is expected for Montserrat in 2011 after sharp output contractions in 2009–10. Stress in the financial sector and slower-than-expected development of major capital investment projects continue to limit prospects for growth. Directors have welcomed the development of a strategy for addressing financial vulnerabilities and the initial progress in implementing it. They have supported preemptive action to minimize costs and risks and preparation of an action plan spelling out the roles of key players.

Subject: Economic sectors, Exports, Foreign exchange, Imports, International trade, Public debt, Public sector, Real effective exchange rates, Revenue administration

Keywords: Capital base, Caribbean, CR, Discussion, Exports, GDP data, Global, IMF's view, ISCR, Liability positions vis-à-vis nonresident, Montserrat, Montserrat-British Overseas Territory, Public sector, Real effective exchange rates, UK finance

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/009
Stock No:

1MSREA2012001
ISBN:

9781463932503
ISSN:

1934-7685

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