Carib Scope

标签： Antigua and Barbuda

安提瓜和巴布达

  • Central Bank Makes It Easier for Ordinary People to Invest in Government Bonds

    Central Bank Makes It Easier for Ordinary People to Invest in Government Bonds

    The Eastern Caribbean Central Bank (ECCB) and member governments of the Eastern Caribbean Currency Union (ECCU) have unveiled a groundbreaking Retail Bond Initiative, designed to democratize access to government securities for individual investors. This initiative, launched in collaboration with the Regional Government Securities Market (RGSM), aims to transform household savers into active participants in the financial market.

    Over the past two decades, the RGSM has successfully mobilized approximately EC$20.7 billion for regional development. However, household involvement has been minimal, accounting for only 1.5% (EC$310.3 million) of total investments, with a mere 600 individuals participating. To address this gap, the ECCB’s Research, Statistics, and Data Analytics Department (RSDAD) conducted a survey, identifying three primary barriers: high minimum investment thresholds (EC$5,000), excessive fees, and a lack of financial literacy.

    In response, the Regional Debt Coordinating Committee (RDCC) and the ECCB developed the Retail Bond Initiative, which significantly lowers the entry barrier. The minimum investment is now set at EC$500, with increments of EC$100, and a maximum cap of EC$50,000 per investor. The bonds offer an annual interest rate of 4.25% and a two-year term, with principal repayment at maturity.

    Juletta Edinborough, Fiscal and Debt Specialist at the ECCB, emphasized the initiative’s goal of empowering individuals. ‘This is a pivotal step in transitioning savers to investors,’ she stated. ‘We encourage all ECCU citizens and residents to seize this opportunity.’

    The inaugural retail bonds will be issued by the governments of Grenada and Saint Christopher (St Kitts) and Nevis. Investors can participate through six licensed brokers, including the Bank of Saint Lucia Limited, Grenada Co-operative Bank Limited, and St Kitts-Nevis-Anguilla National Bank Limited.

    This initiative not only enhances financial inclusion but also strengthens regional economic resilience and sustainable development. For more details, visit www.ecseonline.com/broker-dealer and www.eccuretailbond.com.

  • Magnitude 3.5 Earthquake Recorded North of Antigua

    Magnitude 3.5 Earthquake Recorded North of Antigua

    The UWI Seismic Research Centre (SRC) has confirmed a magnitude 3.5 earthquake that occurred at 10:57 p.m. local time on Wednesday, October 8, 2025. The seismic event was centered at latitude 17.49°N and longitude 61.77°W, with a depth of 19 kilometers. The epicenter was situated approximately 43 kilometers north-northeast of St. John’s, Antigua; 91 kilometers northeast of Brades, Montserrat; and 109 kilometers east-northeast of Basseterre, St. Kitts and Nevis. The SRC emphasized that the earthquake was automatically recorded and that further analysis may lead to revisions in its location and magnitude. Fortunately, there have been no immediate reports of damage or injuries. The region, known for its seismic activity, remains on alert as authorities continue to monitor the situation. The SRC has urged residents to stay informed and prepared for potential aftershocks. This event underscores the importance of robust seismic monitoring systems in earthquake-prone areas.

  • Caribbean Airlines Named “Caribbean’s Leading Airline Brand 2025” For Ninth Consecutive Year

    Caribbean Airlines Named “Caribbean’s Leading Airline Brand 2025” For Ninth Consecutive Year

    Caribbean Airlines has once again soared to new heights, securing the coveted title of ‘Caribbean’s Leading Airline Brand 2025’ at the 32nd Annual World Travel Awards™. This marks the ninth consecutive year the airline has been honored in this prestigious category, solidifying its reputation as a leader in regional aviation. The award was accepted by Samantha Faucher, Caribbean Airlines’ Airport Representative for St. Lucia, during the gala ceremony held on October 4 at Sandals Grande Saint Lucian. Since its establishment in 1993, the World Travel Awards™ have been a global benchmark for excellence in the travel, tourism, and hospitality industries. Caribbean Airlines’ latest achievement underscores its commitment to delivering exceptional service, expanding its route network, and enhancing the passenger experience. Over the past year, the airline has extended its reach into the French Caribbean, now connecting 28 destinations across North and South America and the wider Caribbean. Additionally, it has introduced innovative upgrades to its baggage handling systems and refined its product offerings to better cater to evolving customer needs. Beyond this top honor, Caribbean Airlines was also nominated in three other categories: ‘Caribbean’s Leading Airline,’ ‘Caribbean’s Leading Cabin Crew,’ and ‘Caribbean’s Leading In-flight Magazine (Caribbean Beat).’ These accolades highlight the airline’s dedication to regional integration and its mission to provide a uniquely Caribbean travel experience.

  • Chinese Ambassador Zhang Yanling Presented Governor General’s Faithful and Meritorious Service Cross

    Chinese Ambassador Zhang Yanling Presented Governor General’s Faithful and Meritorious Service Cross

    In a distinguished ceremony held at the Embassy of the People’s Republic of China in St. John’s, Their Excellencies Sir Rodney Williams, Governor General of Antigua and Barbuda, and Lady Williams, presented the Governor General’s Faithful and Meritorious Service Cross (FMC) to Her Excellency Zhang Yanling, the Chinese Ambassador to Antigua and Barbuda. The event, held on Monday, marked the culmination of Ambassador Zhang’s four-year tenure (December 2021 – October 2025) and celebrated her exceptional contributions to bilateral relations between the two nations.

    Ambassador Zhang’s tenure was characterized by her unwavering dedication to fostering friendship, practical cooperation, and cultural exchange. Her efforts spanned multiple sectors, including education, agriculture, fisheries, security services, health, culture, and housing, significantly advancing Antigua and Barbuda’s national development priorities. She also spearheaded capacity-building initiatives that left a lasting impact on local institutions.

    Beyond her diplomatic achievements, Ambassador Zhang played a pivotal role in strengthening people-to-people ties. Through sustained cultural outreach programs, Children’s Day activities, Chinese New Year receptions, and National Day observances, she brought Chinese culture closer to the Antiguan and Barbudan communities. Her support for local charitable initiatives further underscored her commitment to community well-being.

    In his remarks, Sir Rodney Williams lauded Ambassador Zhang’s leadership, stating, ‘Her tenure has been marked by faithful service and practical partnership. She translated goodwill into real benefits for our people—strengthening institutions, building capacity, and nurturing cultural understanding.’ Lady Williams echoed these sentiments, praising Ambassador Zhang’s warm engagement with schools, cultural groups, and charitable organizations.

    Upon accepting the award, Ambassador Zhang expressed her gratitude and reaffirmed China’s commitment to continued cooperation and friendship with Antigua and Barbuda. The conferment of the FMC entitles her to use the post-nominals ‘FMC,’ a testament to her distinguished service.

  • Global Gateway Forum: New value chains and new jobs in the Caribbean as the EU and Caribbean tackle the sargassum crisis together

    Global Gateway Forum: New value chains and new jobs in the Caribbean as the EU and Caribbean tackle the sargassum crisis together

    For over a decade, Caribbean coasts have been plagued by extensive sargassum seaweed blooms, causing significant disruptions to fisheries, tourism, and local communities, and resulting in multi-million-dollar damages. However, through the European Union’s (EU) Global Gateway Investment Agenda, the EU, Team Europe, and Caribbean partners are now working to turn this environmental challenge into a source of cleaner coastlines, new employment opportunities, and a boost for local businesses. The third EU-Caribbean Global Gateway Conference on Sargassum, held recently, marked a pivotal shift from studies and pilot projects to actionable solutions. Governments, the private sector, academia, and international financiers convened to explore practical ways to transform sargassum into economic opportunities and improve its collection and management. European Commissioner for International Partnerships, Jozef Síkela, emphasized that the sargassum crisis, which has long harmed local livelihoods and the tourism sector, can now be a catalyst for job creation, innovation, and even clean energy across the region. At the conference, Grenada, the Dominican Republic, and Mexico pledged to collect and process a combined 660,000 tonnes of sargassum between 2026 and 2027. This initiative is the first step toward establishing a regional market for sargassum-based products, supported by EU investments and policy frameworks. The conference concluded with the announcement of the fourth EU-Caribbean Global Gateway Conference on Sargassum, set to take place in Mexico, ensuring continued momentum and scaling of operations across the region. The Global Gateway strategy, which aims to mobilize up to €300 billion in public and private investments from 2021 to 2027, has prioritized sargassum since 2023, fostering collaboration among Caribbean partners to develop economically viable and environmentally sustainable solutions.

  • UPP Mourns the Passing of Former MP Nathaniel ‘Nat Moses’ Francis

    UPP Mourns the Passing of Former MP Nathaniel ‘Nat Moses’ Francis

    The United Progressive Party (UPP) of Antigua and Barbuda is in mourning following the passing of Nathaniel ‘Nat Moses’ Francis, a revered former Member of Parliament for St. George. Francis, celebrated as a ‘living hero’ and a devoted public servant, leaves behind a legacy of unwavering commitment to his community and nation. His death signifies the end of an era for many who admired his contributions to public life and national development. In a heartfelt statement, the UPP expressed profound sorrow, extending condolences to his family, the party, and all who grieve his loss. Known affectionately as ‘The Smooth Golden Voice,’ Francis was not only a political figure but also a beloved broadcaster whose distinctive baritone voice became a cherished part of the national soundscape. His dual legacy in politics and broadcasting continues to inspire colleagues, constituents, and listeners across Antigua and Barbuda. The UPP honored his memory with a tribute image, celebrating his years of service and enduring impact. As the nation reflects on his life, Francis is remembered for his dedication, excellence, and the indelible mark he left on the hearts of many.

  • High Surf Warning Issued for Antigua and Barbuda and Northern Leewards

    High Surf Warning Issued for Antigua and Barbuda and Northern Leewards

    The Antigua and Barbuda Meteorological Service has issued a High Surf Warning for several islands in the northern Leeward chain, including Antigua and Barbuda, Anguilla, the British Virgin Islands, Montserrat, and St. Kitts and Nevis. The warning comes as hazardous marine conditions are expected to develop on Thursday, with seas forecast to rise over 10 feet (3 meters). Dangerous rip currents, coastal flooding, and beach erosion are likely, with conditions peaking from Thursday afternoon through early Friday, depending on the location. Forecaster Letitia Humphreys emphasized the risks and urged residents and visitors to avoid swimming on exposed northern and eastern coasts, stay clear of rocks and jetties, and use only sheltered beaches with lifeguards. Updates on the situation are available at antiguamet.com and through the Met Service’s official social media channels. The public is advised to remain vigilant and follow safety guidelines to minimize risks during this period of heightened marine activity.

  • Possibility of storm force winds from Jerry decreases for both Antigua and Barbuda

    Possibility of storm force winds from Jerry decreases for both Antigua and Barbuda

    As of 5 p.m. AST, Tropical Storm Jerry continues to follow a forecast track that keeps its center passing north of the Leeward Islands, significantly reducing the threat to the region. The probability of sustained tropical-storm-force winds has decreased to 8% for Antigua and 31% for Barbuda, while the chance of hurricane-force winds is now near 0% for both islands. Other nearby islands face even lower risks. Jerry is currently located near latitude 14.8 North, longitude 54.7 West, moving west-northwest at 23 mph (37 km/h). This motion is expected to continue through Thursday, with a slower northwestward movement beginning Thursday night, followed by a northward shift by Friday night and Saturday. Maximum sustained winds are near 60 mph (95 km/h), with gradual strengthening forecasted, potentially elevating Jerry to hurricane status later this week or weekend. Tropical-storm-force winds extend up to 175 miles (280 km) from the center, with a minimum central pressure of 1000 mb (29.53 inches). Hazards include possible tropical storm conditions in the northern Leeward Islands late Thursday into Friday, rainfall of 2 to 4 inches (with localized maxima up to 6 inches) across the Leeward Islands, British Virgin Islands, and U.S. Virgin Islands, posing a risk of flash flooding. Swells generated by Jerry are expected to cause life-threatening surf and rip currents in the Leeward and Windward Islands by Thursday, spreading westward to the Greater Antilles by Friday. Residents are advised to monitor updates from local weather offices and heed safety warnings.

  • InterCaribbean Airways Cancels Flights To Antigua Ahead of Tropical Storm Jerry

    InterCaribbean Airways Cancels Flights To Antigua Ahead of Tropical Storm Jerry

    October 8th, 2025 – As Tropical Storm Jerry continues its trajectory towards the Leeward Islands, interCaribbean Airways has announced the cancellation of several key flights to ensure passenger safety. The storm, which is currently being closely monitored by the airline, has already caused significant disruptions to travel plans across the region. Affected routes include JY792 and JY793 between Barbados and Antigua, as well as JY631 and JY632 connecting Tortola and Antigua. All flights scheduled for October 9th have been canceled. interCaribbean Airways has urged travelers to stay updated on the storm’s progress and to check for further announcements regarding rescheduled flights. The airline emphasized its commitment to passenger safety and efficient communication during this weather event. Meanwhile, residents and visitors in the Leeward Islands are advised to prepare for potential impacts from Tropical Storm Jerry, including heavy rainfall and strong winds.

  • “This Win Is an Honour,” Says ABTA as Antigua and Barbuda Named Caribbean’s Leading Meetings and Conference Destination 2025

    “This Win Is an Honour,” Says ABTA as Antigua and Barbuda Named Caribbean’s Leading Meetings and Conference Destination 2025

    In a landmark achievement, Antigua and Barbuda has been named the Caribbean’s Leading Meetings & Conference Destination for 2025 at the prestigious World Travel Awards Caribbean and North America Gala Ceremony. This accolade marks the first time the twin-island nation has received this honor, solidifying its growing reputation as a hub for global events. The World Travel Awards, recognized as the pinnacle of excellence in the travel industry, celebrates outstanding contributions across tourism, hospitality, and related sectors, with winners determined by industry professionals and consumers worldwide. Antigua and Barbuda’s Minister of Tourism, The Honourable Charles Fernandez, attributed this success to the collaborative efforts of government officials, tourism authorities, hotel partners, and destination management companies in enhancing the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector. The nation’s strategic focus on positioning itself as a premier destination for major events has been validated by this recognition. Recent high-profile conferences hosted by Antigua and Barbuda include the United Nations 4th International Conference of Small Island Developing States (SIDS4) in May 2024, the 43rd Caribbean Travel Marketplace in May 2025, and the 55th General Assembly of the Organization of American States in June 2025. Looking ahead, the country is set to host the 28th Commonwealth Heads of Government Meeting in 2026, its largest international event to date, which will welcome His Majesty King Charles III and leaders from 56 Commonwealth nations. Colin C. James, CEO of the Antigua and Barbuda Tourism Authority, emphasized the nation’s readiness to deliver exceptional service for event planners and delegates, citing seamless air connections, modern infrastructure, and diverse accommodation options. Known for its UNESCO-listed Nelson’s Dockyard, 365 pristine beaches, and vibrant cultural calendar, Antigua and Barbuda seamlessly blends business with unforgettable experiences. For more information, visit www.visitantiguabarbuda.com.