World Bank to help Antigua
Published:Monday | December 12, 2011 | 4:03 PM
A delegation from the World Bank is now in Antigua to continue preparatory work on project to help the government with public sector transformation, labour market policies and social protection.
The World Bank is expected to fund the project at a cost of US$20 million over three years.
In the meantime, the government in Antigua has announced plans to auction US$7.4 million through the Regional Government Securities Market, in a 180-day Treasury Bill issue.
The government said the issue will be a competitive uniform price auction at a maximum interest rate of 6.5 per cent.
It will open for bidding on December 15.
The government said that the minimum bid amount should be US$1,851 and that investors may participate in the auction through the services of a broker dealer.