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 Economy of Montserrat - Business opportunities Economy Of Montserrat
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Economic a9.

Severe volcanic activity, which began in July 1995 has affected the small economy of Montserrat. A catastrophic eruption in June 1997 closed the airports 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 economy depend largely on developments in relation to the volcano and on public sector construction activity. The UK has launched a three-year $122.8 million aid program to help reconstruct the economy. Half of the island is expected to remain uninhabitable for another decade.



This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Montserrat".
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