Government receives grant financing for capacity building from CDB

The Government of Antigua and Barbuda has received financing by way of a grant from the Caribbean Development Bank (CDB) pursuant to the CARIFORUM-EU Economic Partnership Agreement (EPA) Standby Facility for Capacity Building under the 10th European Development Fund (EDF) in the amount of two hundred and thirty four thousand, two hundred and fifty-five United States dollars (USD234,255) towards the cost of the Enhancing Private Sector Competitiveness through the Implementation of the CARIFORUM-EU EPA Project.

EPA Implementation Coordinator, Ms. Barbara Williams explained that the project will focus on building the capacity of the private sector to trade under the EPA Agreement, while at the same time ensuring that Antigua and Barbuda fulfils in a timely manner its legal obligations as outlined in the Agreement.

The major outputs of the project are the development and implementation of a Services Sector Policy Expansion Plan aimed at creating a more enabling environment for the advancement of the services sector particularly tourism including Spa and Wellness, Information Communication Technology, and Culture. Support would also be provided for the drafting of critical pieces of legislation that addresses the implementation of the EPA. The project will be implemented by the Office of the NAO, EPA Implementation over an 18 month period commencing September 1st, 2015.

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