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Antiguan gov't: Applications for Citizenship by Investment Programme waning

Published:Monday | November 14, 2016 | 11:36 PM
Antigua's Minister of State in the Ministry of Finance, Lennox Weston.

The Antiguan government is reporting a decrease in applications for the Citizenship by Investment Programme.

The Minister of State in the Ministry of Finance, Lennox Weston, says it can be attributed to a decrease in demand for the programme, but he says he remains optimistic this could change in the future.

He says the government projects there could be a 10-15 per cent reduction from last year when income from the programme totalled $100 million.

However, Weston says the projections do not spell disaster for the economy since there are international factors that could result in growth.