Contrary to what happens in the region, and for that matter in most of the world, inflation in the Falkland Islands is on target and the budget performance remains under spent with strong Capital projects carryover from previous budgets.
The Falkland Islands Government announced that on Wednesday the Executive Council approved the Terms of Reference to update the Falkland Islands Economic Development Strategy. The existing EDS was published in October 2010 following an extensive, two-year consultation process, and was intended to provide a blueprint for economic growth and development to 2025.