Antigua and Barbuda
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February 21, 20131,053
IMF advises ‘tightening’ of banking regulations
St. John’s Antigua- Directors of the International Monetary Fund (IMF) have advised that the local banking sector must be strengthened with “tightened” regulations, if Antigua & Barbuda is to have continued economic recovery. The assessment follows the IMF executive board’s Article IV consultations with the country on October 31, last year. The review is to determine each member state’s economic…
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February 21, 20131,050
Antigua & Barbuda to meet with WTO body again
St. John’s Antigua- Antigua & Barbuda is due before the World Trade Organization (WTO) next Wednesday in a bid to stop the United States “misinformation” over its efforts to resolve the gaming dispute. The country’s trade officials are expected to plead their case before the dispute settlement body in keeping with a statement made by Finance Minister Harold Lovell, last…
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February 21, 20131,082
‘Clean sweep would create governance in crisis’ – former AG
St. John’s Antigua- Two former public servants agree that a clean sweep by any political party in a general election would create a governance crisis in Antigua & Barbuda. Former Attorney General Keith Forde is among those who have commented on the historic victory of the New National Party (NNP) in Grenada. The NNP, led by Dr Keith Mitchell, was…
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February 20, 20131,390
Stanford investors sue Antigua, Eastern Caribbean Central Bank
DALLAS, Texas, CMC – A group of former investors of the Antigua-based Stanford International Bank (SIB) has filed a civil lawsuit here against Antigua and Barbuda and the Eastern Caribbean Central Bank (ECCB), claiming that they aided jailed Texas billionaire Allen Stanford in his massive US$7 billion Ponzi scheme. The former investors, calling themselves the Official Stanford Investors Committee, are…
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February 20, 20131,077
A regional perspective on cancer research
ST JOHN’S, Antigua – An individual, rather than regional, solution must be established to combat cancer in the Caribbean. This is according to leading gastrointestinal oncologist, Dr Marcia Cruz-Correa, who was a facilitator at the Cancer Research in the Media workshop, supported by the National Cancer Institute (NCI). In an interview with OBSERVER media yesterday, the scientific director of the…
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February 20, 20131,042
CARICOM backs A&B’s decision to sanction US
ST JOHN’S, Antigua – Caricom has backed Antigua & Barbuda’s latest move in its World Trade Organisation (WTO) dispute with the US. CARICOM, at the end of its 24th Inter-Sessional Meeting in Haiti on Tuesday, released a statement saying it affirmed its full support for Antigua & Barbuda. Heads of government called on the US to settle the dispute by…
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February 20, 20131,019
Antigua & Barbuda wants more US help to fight crime
St. John’s Antigua- Prime Minister Baldwin Spencer has urged the United States to do more to help CARICOM countries fight against crime and narcotics trafficking in the region. His remarks followed a presentation by the US Attorney General, Eric Holder at the CARICOM inter-sessional heads of government meeting in Haiti. Spencer indicated that crime and security have a direct connection…
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February 19, 20131,018
Antigua seeking budgetary support from World Bank
ST. JOHN’S, Antigua, CMC – Antigua and Barbuda says it is seeking a development policy loan from the World Bank based on a comprehensive debt framework. A government statement gave no indication as to the size of the loan, but said that it is a “budget support instrument similar to the policy” at the Barbados-based Caribbean Development Bank (CDB). The…
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February 19, 20131,044
PM Spencer attends CARICOM meeting in Haiti
ST JOHN’S, Antigua – Prime Minister Baldwin Spencer has joined other Caricom leaders at the 24th Inter-Sessional Meeting of the Conference of Heads of Government of the Caribbean Community in Port-au-Prince, Haiti, February 18-19. During the deliberations, Prime Minister Spencer will take the opportunity to brief his colleagues over the recent authorisation from the World Trade Organisation Dispute Settlement Body.…
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February 18, 20131,059
LIAT at the crossroads again
ST. JOHN’S, Antigua – Four weeks ago Minister of Tourism John Maginley sounded a positive note in announcing new aircraft leases for our embattled airline, LIAT. Our headline writers were positively euphoric in declaring “LIAT’s flying high again – Tourism Boss”. As encouraging as the news might have been, it is far too optimistic to assume that LIAT’s problems are…
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