Antigua to receive EC grant

Antigua is set to receive a $12.4 million grant from the European Commission (EC) for budgetary support.



The government in St Johns says the money is being provided under what\'s referred to as the V-Flex, an EU fund introduced in August last year in the wake of the global financial crisis.



It\'s intended to assist African Caribbean and Pacific countries most affected by the economic downturn.



Grenada has already received $6.2 million from the fund.