The purpose of this article is to give an overview of the latest legislation introduced by Antigua and Barbuda in relation to international trusts, focusing on asset protection issues. The author provides a brief introduction on asset protection, taking into consideration the peculiarities of...

Offshore Shore Centres (OFCs) are generally small, low tax jurisdictions. In defining International Financial Centers (IFC’s) the International Monetary Fund (IMF) notes that there must be a large number of financial institutions functioning in a simplified regulatory environment, with low or...

KEY ISSUES Context. The new government that came to power in June 2014 inherited serious fiscal and external payments problems, including arrears to the Fund and other creditors, and unresolved banking sector problems. Moreover, public debt remains at an unsustainable level of close to 100...

The purpose of this Public Expenditure and Financial Accountability (PEFA) performance assessment is to provide an objective analysis of the present performance of the public financial management system in Antigua and Barbuda, and identify changes incurred since the last PEFA assessment...

This article is a report of the IMF Executive Board’s program for Antigua and Barbuda. The Stand-By Arrangement program was developed as a response to the looming fiscal crisis, which resulted in large fiscal deficits and debts similar to the global crisis. The program is approved to...

Education data in Antigua and Barbuda is collected through both paper and electronic questionnaires. The electronic questionnaires are collected from three secondary schools through the AbusSTAR Education Management Information System (EMIS) software that was developed in Barbados. The Ministry...

The global slowdown has severely affected Antigua and Barbuda’s economy through its impact on tourist arrivals, FDI inflows and remittances, and fiscal revenue. The recession and associated fiscal crisis coincides with already weak public finances and mounting problems in the financial sector....

This report contains the 2014 “Phase 2: Implementation of the Standards in Practice” Global Forum review of Antigua and Barbuda. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and...

This 2007 Article IV Consultation highlights that macroeconomic outcomes for Antigua and Barbuda have strengthened significantly in recent years. Real GDP growth averaged 5 percent during 2003–05, and is estimated to have reached 12 percent in 2006. There has been progress in implementing...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

In 1998, the need for improvements in the food safety system of countries of the Caribbean was recognized in a meeting of CARICOM Ministers of Agriculture in Jamaica. A properly functioning food safety system should ensure that all food consumed in a country, whether produced locally or imported...

The staff report for the 2006 Article IV Consultation on Antigua and Barbuda highlights the economic backdrop and outlook for restoring sound public finances. The government of Antigua and Barbuda has adopted an ambitious reform program in its endeavor to pull the economy from decades of fiscal...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

This 2005 Article IV Consultation highlights that data for the first half of 2005 point to a widening fiscal deficit for Antigua and Barbuda. A combination of a reduction in capital spending and some improvement in revenues following a tightening of the concessions regime resulted in a closing...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

The Detailed Assessment of Antigua and Barbuda’s compliance with the Basel Core Principles for Effective Banking Supervision is presented. The largest bank represents 61 percent of the sector’s aggregated assets, highlighting an important degree of concentration. Investment portfolios...

Antigua and Barbuda’s 2004 Article IV Consultation reports that growth has strengthened since mid-2003 owing to a rebound in tourism, but fiscal imbalances remain large, the debt stock is high, and arrears continue to mount. Tourism has rebounded strongly as the global economy strengthens and...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

The report on the Antigua and Barbuda’s Observance of Standards and Codes on Basel Core Principles for Effective Banking Supervision is examined. Aggregated assets reported by the offshore banking sector totaled about US$3.0 billion, equivalent in size to about four times the GDP, as on...

"In the aftermath of the financial crisis, Cooper locates the WTO-focused struggle between the United States and the very small island state of Antigua on Internet gambling in the wider International Political Economy. He draws connections between gambling and offshore and/or enclave cultures...

The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 90 jurisdictions which participate in the work of the Global Forum on an equal footing....

In this paper, the following statistical data are listed in detail: savings and investment, indicators of construction activity, electricity generation, consumption, tariffs, consumer prices, estimates of population and labor force, operations of central government, detailed accounts of the...

On 21 March 2003, Antigua and Barbuda requested consultations with the US regarding measures applied by central, regional and local authorities in the US which affect the cross-border supply of gambling and betting services. Antigua and Barbuda considered that the cumulative impact of the US...

This paper describes economic developments in Antigua and Barbuda during the 1990s. Economic performance deteriorated in the early 1990s. Output growth slowed to 4 percent a year in 1992–94, as activity in the tourism sector slackened and public investment fell because of a poor public savings...

These reports provide a factual assessment of investment conditions existing in each subject country, including information on FDI inflows since 1998, a sectoral analysis of the inflows, an analysis of the main investors, an assessment of the economic and governance environment, an assessment of...