European Commission Approves Antigua Grant

Category: Antigua & Barbuda Created on Tuesday, 19 July 2011 06:24 Published Date

The European Commission has approved a grant of US$4.1 million to further initiatives aimed at strengthening revenue administration and public financial management in Antigua and Barbuda.

The grant will largely be used to continue the technical assistance and capacity building which are integral to both areas of reform.

The country will have to meet specific timelines and reporting requirements for the continuation of the initiatives, when the funding becomes available at the end of August.

During the week under review, senior officials of the Ministry of Finance participated in a video conference with the European Commission’s Barbados Office.

Also involved in the exchange were the Caribbean Regional Technical Assistance Centre, the Office of Technical Management at the International Monetary Fund (IMF), and the IMF’s Fiscal Affairs Department.

Photo Credit To Trivester