Sun | Feb 14, 2016

Antiguan gov't to review stimulus economic package

Published:Wednesday | December 7, 2011 | 12:00 AM
The Antigua and Barbuda government says it will conduct early next year, a review of three initiatives introduced last July to stimulate activity and build confidence in the local economy.

Governor General Dame Louise Lake-Tack said the review will ensure that these economic stimulus measures are serving their purpose.

The initiatives include the Construct Antigua Barbuda Initiative, which is aimed at increasing employment in the construction sector while making home ownership more affordable.

The Manufacturers' Incentives Scheme is geared towards increasing the operational capital available to participating companies while the Credit Guarantee Scheme facilitates small and micro enterprises to enter the market or expand their businesses.


Dame Louise said that "key stakeholders will be called upon to give their views on the improvement of these measures".

Dame Louise said the Baldwin Spencer government also intends to establish a committee to develop a national strategic plan of Antigua and Barbuda.

She said the committee to be formed during the early part of the new parliamentary session, will have six broad strategic goals, including fiscal balance, enhancing the island's social development agenda, education, economic sustainability, and rebranding the island.

""The development of a national strategic plan will ensure that we plan for a secure future," Dame Louise said. "It will require all hands on deck. If we are to truly transform our nation to meet the challenges, every man, woman and child who call this nation home must engage in this transformation that will place people at the centre of development.

"It will require our patriotism. Every individual, organisation, church, community and school will be called upon to play a role in the development of the country's first national strategic plan," she added.