Last September the DFID Budgetary aid team that visited Montserrat outlined at a press
Conference that the object of its mission was (2) To discuss DFID’s proposed Strategic Growth Plan for Montserrat.
The team in an issued statement to the press expected an outcome from discussions, “conclusions and recommendations which will be presented to DFID Senior Management for approval and implementation.”
Besides the context of the discussions and DFID agreeing to provide budgetary aid of over 50% (EC$55m), “DFID and GoM agreed to work in partnership to develop a “bargain” between the UK and Montserrat. On the UK side this would be a strategic investment package combining technical and capital assistance to stimulate economic development and growth.
“But critical to success would be the delivery of reform measures set out in the economic roadmap to improve government services and encourage private sector investment.”
The MOU signed on May 1 sets out the above terms accompanied by a Matrix document of required timelines and actions.
