The Governments of Montserrat and the United Kingdom have agreed to an increase in support for Montserrat during this financial year.
This comprises of a protection against exchange rate fluctuations for the UK’s
contribution to Montserrat’s annual recurrent budget, and new capital investments for essential equipment.
Recurrent Budget support
The recent fluctuations in exchange rate and continued pressure on the cost of living has meant a reduction in real terms to the cash value of the UK’s support for Montserrat’s recurrent budget.
In recognition of this, the UK Government has agreed to an uplift of up to
£4.72m to ensure that Montserrat is protected for the rest of this financial year from currency exchange impacts; to enable continued delivery of public services for the people of Montserrat