Daily Archives
Kelsick Insurance Agency was established in 1977 by the late Arthur A. Kelsick, who successfully oversaw its growth until 1993. The agency is currently managed by Scott Kelsick, who has been working in the insurance industry since 1980. For 40…
How would you say the sector has evolved in recent years and how would you compare it to other countries in the region? Traditionally, insurers in Antigua were English-based companies. The country then went through a five year period where…
The problem of de-risking One of the biggest challenges facing Antigua and Barbuda’s financial system today is the trend among financial institutions of de-risking. Following the global financial crash in 2008, the concern for financial stability led regulators in major…
Prime Minister Gaston Browne is set on making Antigua and Barbuda an “economic powerhouse” in the region. What has to be done to turn its potential into tangible results? Traditionally, Antigua and the Caribbean has had a strong relationship with…
We spoke with Mr. Henderson Fields, executive director of the Antigua and Barbuda Investment Authority to find out why the twin-island state is the Caribbean’s most sought-after investment destination. We have three platforms that we work from in terms of…
What is the role of the private sector and investment in Antigua and Barbuda’s development? I take the view that the private sector should be the engine of growth for any economy. I also believe that it is the task…
Citizenship by Investment Programme The CIP was developed to encourage foreign direct investment into Antigua and Barbuda following the global financial crash in 2008. The crash caused a decline in the country’s tourism industry, and saw its GDP recede. With…
What would you say is the main purpose of the CIP? The CIP was developed in order to provide an incentive for the return of foreign direct investment to the country. In doing this, we target investment for specific industries….
Antigua & Barbuda was not immune to the international crisis, but it seems the country is back on the right track. The government is working to make AB the preferred investment and tourism destination in the region, which is having…
Antigua and Barbuda’s engine for growth Tourism is by a distance Antigua and Barbuda’s largest industry. It accounts for 60% of GDP and 40% of investment into the country. Visitors come by air and by sea to its paradisaical beaches,…
