The International Monetary Fund is calling for stronger oversight of credit unions in Antigua and Barbuda as part of wider efforts to reinforce financial sector stability and resilience.

In its latest Article IV consultation, the IMF said Antigua and Barbuda’s overall financial system remains stable and liquid, but urged continued reforms to strengthen regulation and supervision within the sector.

Directors specifically recommended that authorities adopt more risk-based supervision for credit unions while working to improve provisioning and capital positions within the sector.

The IMF noted that stronger financial sector oversight remains important as Antigua and Barbuda continues its economic recovery and seeks to build resilience against external shocks and long-term vulnerabilities. The report also highlighted the importance of continued efforts to strengthen financial deepening and improve the country’s anti-money laundering and counter-terrorism financing frameworks.

The Citizenship by Investment Programme was also referenced as an area requiring continued regulatory attention as part of broader financial governance reforms.

The recommendations came as the IMF reported that Antigua and Barbuda’s economy continued to expand in 2025, supported by construction activity despite slower tourism growth. Real GDP growth was estimated at 3 percent, while inflation eased sharply to 1.4 percent.

The IMF said downside risks remain due to global uncertainty, commodity price volatility and domestic capacity constraints, while improved oversight and financial reforms could help support long-term stability and growth.