Disaster Management Economic 

Spain Commits to Barbuda Relief

Newly accredited Ambassador of Spain to Antigua and Barbuda, His Excellency Josep Maria Bosch, in a brief meeting with Acting Prime Minister, Steadroy Benjamin, and following the presentation of his letter of credence to the Governor General’s Deputy, Sir Clare Roberts said that the Government of Spain has contributed 50, 000 Euros towards the Barbuda relief efforts. His Government’s support was made through the International Red Cross. Signaling Spain’s interest in strengthening bilateral relations, His Excellency underscored his Government’s willingness to support the Government of Antigua and Barbuda in responding…

Read More
Business Economic Politics Tourism 

Sandals Welcomes Auditors, Calls For Full Transparency

Sandals Resorts International (SRI) welcomes the recent announcement by Prime Minister Gaston Browne that his Government intends to utilize international tax auditors to monitor the finances of, as he put it, “Sandals and other corporate entities in Antigua and Barbuda.” In fact Sandals has been doing this very same thing for years, utilizing first Price Waterhouse, and most recently Grant Thornton as our auditors, two of the highest rated auditing firms in the world, and there has never been an issue with respect to us meeting our financial obligations and…

Read More
Business CARICOM Economic Foreign Affairs Regional News Technology 

Russia in the Caribbean – A New Dawn; First ever joint Russian/Eurasian-Caribbean economic, media and academic forum

November perhaps represents a new ‘Dawn’ for the Caribbean, with humble beginnings in the spice isle of Grenada, with one of the most powerful nations in the world – Russia tabling an interesting proposal. So, what was Russia doing in the tiny Caribbean island of Grenada? Ushering a New Dawn of course. This is the intrepid title given to a full day forum with some of the biggest names in academia, media and economic entities. The event saw regional journalist, Russian academia, tech and financial businessmen from Russia, USA and…

Read More
Business Economic 

Victims of Allen Stanford’s $7B Ponzi Scheme Will Wait Years to Be Repaid

At first glance, the effort to recover money for victims of Allen Stanford’s $7 billion Ponzi scheme looks a bit like Jarndyce and Jarndyce, the endless chancery court case satirized in Charles Dickens’ book, “Bleak House.” Stanford, you’ll recall, was convicted by a Houston jury in 2012 for swindling investors and sentenced to 110 years in prison. Eight years into the case, with no end in sight, the receivership set up in Dallas federal court to unwind Stanford’s fraud has turned up only a small percentage of investors’ lost billions….

Read More
CIP - Citizenship by Investment Economic 

Antigua and Barbuda Ranked as Caribbean’s Top Investment Migration Program

Antigua and Barbuda is ranked as the Caribbean’s top investment program, while Grenada and St. Kitts and Nevis are ranked second and third respectively, according to the Global Residence and Citizenship Programs (GRCP) 2017–2018 report. The report has become the industry standard for benchmarking and measuring the attractiveness of investment migration programs. The GRCP was released today by global residence and citizenship advisory firm Henley & Partners, ahead of its 11th Global Residence and Citizenship Conference. The event is held this year in Hong Kong, from 14 to 16 November…

Read More
Economic Politics Tourism 

Sandals Condemns in The Strongest Possible Manner Continued Defamatory Attacks from Antigua PM

PRESS RELEASE: Sandals Resorts International condemns in the strongest possible manner, the vicious, sustained and defamatory attacks that Antiguan Prime Minister Gaston Browne continues to direct at this company. The Prime Minister’s latest salvo came during the current affairs programme Nationwide at Five Radio Network in Jamaica on November 1, 2017…where he again made false claims that Sandals sought to avoid its tax obligations, and has acted inimical to the interests of the people of Antigua and Barbuda. Nothing could be further from the truth, but the Prime Minister has demonstrated…

Read More
Economic Politics 

PM Reproaches Developed Countries Over Financing

Antigua and Barbuda’s Prime Minister Gaston Browne electrified a gathering of representatives of international agencies and governments in Washington DC on Saturday by reproaching developed states for undermining the development of small states by the withdrawal of correspondent banking relations. The Prime Minister was speaking at a Small States Forum organised by the World Bank as part of the week of meetings of the Bank and the International Monetary Fund (IMF). Mr Browne told the Forum. “it is unconscionable that developed states, which control the international payment system, have increased the vulnerability…

Read More
Economic Tourism 

ANTIGUA AND BARBUDA TO RECEIVE A RECORD BREAKING 900,000 CRUISE PASSENGERS

Following a series of vital meetings with its major cruise line partners last week, Antigua and Barbuda was successful in reassuring its cruise line partners of the readiness of the destination to receive additional calls for the upcoming 2017-2018 winter cruise tourism season. The country’s tourism Minister the Hon Asot A. Michael, after leading a delegation of tourism Ministers and officials from St. Lucia, St. Kitts and Nevis, and Antigua and Barbuda was able to confirm extremely positive news for the destination. Between October and December 31st this year, the destination…

Read More
CDB Climate Change Development Economic Environment Utilities 

GOAB Request for Expression of Interest

GOVERNMENT OF ANTIGUA AND BARBUDA STREET LIGHT RETROFITTING PROJECT CLIMATE RISK SCREENING REQUEST FOR EXPRESSIONS OF INTEREST The Government of Antigua and Barbuda (GOAB) has received financing from the Caribbean Development Bank (CDB) towards the cost of Street Light Retrofitting and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is issued.  Payments by CDB will be made only at the request of GOAB and upon approval by CDB, and will be subject in all respects to the…

Read More
Development Disaster Management Economic Politics Regional News 

ECCB Distributes EC$1M Grants to two Member Countries Impacted by Hurricane Irma

The Eastern Caribbean Central Bank (ECCB) is standing firmly with its member countries that have been impacted by Hurricane Irma. The Bank has disbursed a grant of EC$1 million each to the Governments of Anguilla and Antigua and Barbuda to support relief and early recovery. A delegation from the ECCB visited Anguilla on September 13 in solidarity and support. The delegation, which included the ECCB Monetary Council Member for St Kitts and Nevis, Prime Minister the Honourable Dr Timothy Harris and Governor Timothy N. J. Antoine, met with Chief Minister…

Read More