The International Monetary Fund (IMF) is calling for stronger oversight of credit unions in Antigua and Barbuda as part of broader efforts to reinforce financial sector stability and resilience, according to Antigua News Room.
In its latest Article IV consultation, the IMF assessed that Antigua and Barbuda's overall financial system remains stable and liquid, while urging continued reforms to strengthen regulation and supervision across the sector.
IMF directors specifically recommended that authorities adopt more risk-based supervision for credit unions and work to improve provisioning and capital positions within the sector. The Fund underscored that stronger financial oversight remains critical as the country continues its economic recovery and seeks to build resilience against external shocks and long-term vulnerabilities.
The consultation report also highlighted the need for continued efforts to advance financial deepening and strengthen the country's anti-money laundering and counter-terrorism financing frameworks. The Citizenship by Investment Programme was additionally flagged as an area requiring continued regulatory attention as part of broader financial governance reforms.
On the economic front, the IMF reported that Antigua and Barbuda's economy continued to expand in 2025, driven by construction activity despite slower tourism growth. Real GDP growth was estimated at 3 percent, while inflation eased sharply to 1.4 percent.
The Fund cautioned that downside risks persist, citing global uncertainty, commodity price volatility, and domestic capacity constraints. Improved oversight and sustained financial reforms, it noted, could help support long-term stability and growth.
