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…

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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…

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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…

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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…

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Business Economic Politics 

Antigua & Barbuda, United Arab Emirates Sign Green Barbuda Energy Project

The governments of Antigua and Barbuda and the United Arab Emirates have signed an agreement aimed at enabling Barbuda’s transition to green energy. The agreement, was signed today by the Honorable Asot Michael, Minister of Tourism, Economic Development, Investment and Energy. The project will see the installation of a modern 800kw hybrid solar photovoltaic battery system. Energy from the plant will be fed into the grid and will interface with other renewable and conventional power facilities providing electricity in Barbuda. In signing the agreement, Minister Michael commended the continuing interest…

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Economic Regional News 

Caribbean Development Bank Announces Support for Countries Affected by Hurricane Irma

The Caribbean Development Bank (CDB) has announced support for its Borrowing Member Countries (BMCs) affected by Hurricane Irma, and for the Caribbean Disaster Emergency Management Agency (CDEMA), which is coordinating the Region’s response to the affected states. The Bank is in the process of providing Emergency Relief Grants to Anguilla, Antigua and Barbuda, The Bahamas, the British Virgin Islands and the Turks and Caicos Islands. These Grants, totalling USD200,000 each, will assist with costs associated with damage assessments and the provision and transportation of emergency relief supplies, water and sanitation…

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Disaster Management Economic 

Global Bank of Commerce Makes US$200,000 Donation to Barbuda Relief Fund

The Global Bank of Commerce on Thursday was the first to make a contribution to the Barbuda Relief Fund established at the Caribbean Union Bank to assist in the re-building of Barbuda following the passage of Hurricane Irma on 6th September. Chief Executive Officer of Global Bank of Commerce, Mr. Brian Stuart-Young on Thursdayinformed Prime Minister the Honourable Gaston Browne that his bank contributed US$200, 000 to the Government’s account established to receive funds for the rebuilding of Barbuda. “The Board, Management and Staff of Global Bank of Commerce joins…

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Development Economic 

Tank Expansion Project Augers Well for the Continued Economic Development of the Country – Asot

Thursday August 31st has been heralded as a “great day in the Energy Sector of Antigua and Barbuda”. So says Minister of Tourism, Economic Development, Investment and Energy, The Hon. Asot A. Michael on the occasion of the tank hand-over ceremony at the West Indies Oil Company Ltd. It was in January 2016 that the sod was turned at the location where now stands the completed 3 new tanks which have increased the petroleum storage capacity of WIOC by 40%. According to the Hon. Minister of Tourism and Energy, today’s…

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CIP - Citizenship by Investment Economic Politics 

UPP Says Lower CIP Fees Weaken the ‘Brand’ and Eliminate The Chance Of Restoring Visa-Free Access

The decision by the ABLP government to lower the processing fees for the CIP will ignite a price war among OECS countries and is likely to jeopardize and accelerate the decline of the program throughout the region. This price discount strategy, cited by the UPP as merely a desperate, “knee jerk” reaction that is likely to backfire, is aimed at increasing market share and maintaining the administration’s “cash grab” posture. With significant negative fall out associated with the recent elimination of Antigua and Barbuda’s visa-free access to Canada, the UPP maintains the position that the country’s CIP…

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Business Economic Legal 

Gov. Welcomes “Vindication” of Calvin Ayre as Part of “the failure by US to Comply with WTO Ruling on Internet Gaming”

The Government of Antigua and Barbuda congratulates Mr. Calvin Ayre on the resolution of the criminal case brought against him in the United States. The dismissal of all felony charges against Mr. Ayre, in a matter that dragged on for over 5 years, vindicates him entirely. Mr. Ayre took up permanent residence in Antigua and Barbuda in 2007 after acquiring an existing gaming company. At all material times, his company was licensed by the Financial Services Regulatory Commission (FSRC) to carry on gaming activities and complied with the stringent laws…

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