Severe volcanic activity, which began in July 1995, has put a damper on this small, open economyThe management of money, currency and trade of a nation. The.... A catastrophic eruption in June 1997 closed the airport and seaports, causing further economic and social dislocation. Two-thirds of the 12,000 inhabitants fled the island. Some began to return in 1998 but lack of housing limited the number. The agriculture sector continued to be affected by the lack of suitable land for farming and the destruction of crops.
Prospects for the economyThe management of money, currency and trade of a nation. The... depend largely on developments in relation to the volcanic activity and on public sector construction activity. Half of the island remains uninhabitable. In January 2013, the EU announced the disbursement of a $55.2 million aid package to Montserrat in order to boost the country’s economic recovery, with a specific focus on public financeTo provide or obtain funds for a business, commercial projec... management, public sector reform, and prudent economic management.
Important Details
- Country ISO3 : MSR
- Country Code : 500
- Income Group : Others
- Lending Category : NA
- Region : Central America and the Caribbean
- Currency Unit: East Caribbean dollar
- WTO Member : No
- TradeThe buying and selling or exchange of goods and services. Th... organisations : CARICOM
- world rank : NA
- Regional Ranking : NA
