Group Title: Official newsletter of the Antigua and Barbuda High Commission
Title: Official newsletter
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 Material Information
Title: Official newsletter
Physical Description: Serial
Language: English
Creator: Antigua and Barbuda High Commission
Publisher: Antigua and Barbuda High Commission
Place of Publication: London, England
Publication Date: January/February 2010
 Record Information
Bibliographic ID: UF00099220
Volume ID: VID00043
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.


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The Antigua and Barbuda

High Commission

Official Newsletter Issue 138 -- January/February 2010






Sunday 31st January was an
exciting day at the Hornsey
Moravian Church. Following a
week of intense preparation by the
choir under the direction of Choir
Conductor Dr Carl Roberts, the
choir pulled off a very successful
programme captioned "An
Evening of Music and Singing" in
aid of Haiti.

The programme featured not only
the Hornsey Moravian Church
choir, but the Alliouagana Singers,

(Above) HE Dr Carl Roberts conducting
the choir

The Hughes
Brothers Steel
band and other
musicians. The
choir was
accompanied on
he keyboard
and organ by
Brother Orville
Braithwaite, who
along with his
wife also
performed a
soulful musical
Picture above (lef
Intercessions James RWrightan
and readings Eldr
of scripture
were done by the pastor of the
church Rev. Joachim Krausel
and High Commissioners from
Canada and St Lucia.(shown
here in the picture above).

The combined efforts of all
participants and guests allowed
the Hornsey Moravian Church
to make a donation of 2000 to

t to right) HE Dr Carl Roberts, HE Mr
id his wife (centre) Canada and HE Mr
idge Stephens St Lucia

the Haiti Relief Fund through
Christian Aid.

Among the invited dignitaries were
the Acting High Commissioners for
Trinidad and Tobago and the
Commonwealth of Dominica, the
High Commissioner of Barbados
and the Ambassador for Costa
Rica and her family.

Dear Readers, you will notice that we have inserted a newsletter put out by The Friends of the Fiennes Institute. Please
note on the cover page of that newsletter Mrs Irene Carlos-- is a resident of the Fiennes and the oldest living person on
the island. She celebrated her 108th birthday on 23 January 2010. She was visited by the Governor-General and Prime
Minister and other Notables on the day.

In This Issue
1. His Excellency signs Tax Information Exchange Agreement (TIEA) with Great Britain and Northern Ireland ... Page 4
2. Finance and Economy Minister meets Brazilian Ambassador to Antigua and Barbuda ..... Page 9
3. Rev. Isacc hopes to strengthen regional Street Pastor movement .... Page 10
4. Antigua and Barbuda double airlift from Italian market ..... Page 13

2nd Floor, 45 Crawford Place, London W1H 4LP
TeL: 020 7258 0070 Fax: 020 7258 7486 E-mail:


Comparisons and

H.E. Dr. Carl B Roberts
High Commissioner

Many times in life we make
comparisons about different subjects,
about ourselves or about other people.
At other times, we make inferences
based on these comparisons and use
both of the above activities to guide
our actions or to influence the
decisions of other persons with whom
we are attempting to interact.

The Wikipedia Website provides
some information on this
phenomenon. It states that
comparisons are useful to convey
information about different topics, to
show what makes each topic unique in
its own right while showing the
inherent similarities".

Once the comparisons are made we
tend to make various inferences from
the analysis of the data associated
with each subject being compared.
Making an inference is therefore
"the process of drawing a conclusion
by applying the clues (of logic,
statistics, etc.,) to observations or
hypotheses, or by interpolating the
next step in an intuited pattern" [
Wikipedia Website].

Where am I going with this you may
ask? Let me begin by citing the
following. Recently while I was
watching television, I overheard the
mother of a five-year old boy
expressing what to her mind was a
comfort statement. She stated that
while her son had not yet started to
speak at 16 months, she was not
particularly worried as she was
aware of her friend's child who had
taken nearly 18 months to speak.

Two things quite often form the topic
of discussion between young parents.
These relate to the times when their
children in early life began to speak or
to walk. Later in life the discussion
may turn to how children are
progressing compared to their peers in

It is generally accepted that not all
babies develop at the same pace. Even
babies within the same family may
talk or walk at different stages in their
lives. Likewise the performance of
children and how their academic
competencies compare to their peers
provide an interesting opportunity for
comparisons and inferences. I saw this
only too well in the development of
my two sons.

The question that comes up ever so
often is when should we be concerned.
If the comparisons and inferences

drawn from early stage of
development worry us when should
that worry lead us to take action?

Let me now connect the third thread of
my topic. Several days after seeing the
TV programme, I was listening to a
local radio station in my homeland of
Antigua and Barbuda. One caller
reminded the listeners that in less than
two weeks' time the government of
Antigua and Barbuda would be
celebrating the 1st anniversary of its
2nd victory at the polls. Somehow the
discussion that followed drifted to the
state of the economy and the failure of
the governing party to deliver on
promises made during the last
campaign. Twelve months and the
government is still floundering was
the opinion expressed.

A former minister in an earlier
interview compared the performance
of the economy under the present
government with the performance
when his party held the reins of power
between 1999 and 2004. Naturally the
inferences and comparisons pointed in
one and only one direction. Things
would have been better under the
governance of his party. Is the
comparison fair and are the inferences
grounded on some facts which are
easily verified? Are the externalities
similar such that comparative analysis
could lead to unbiased inferences?

In the situation cited on the early part
of this message, there is so much in
the family environment that can
influence the development of the
child. Even though each child is
unique, their reaction to these factors
demonstrates clearly this uniqueness
and the results substantiate the
individuality of the child's character.
Parents can do quite a lot to help build
the character of the young infant and

Continue on page 8

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Office of the Prime Minister
January 13, 2010



On the Devastation Caused in Haiti by an Earthquake and
the Passing of Former Antiqua and Leeward Islands Cricketer Hayden Walsh

Cabinet at its weekly session on
Wednesday 13th January 2010 noted
with sadness the loss of life and
devastation caused by a massive
earthquake in the Caribbean island of

Chairman of Cabinet, Prime Minister
Dr. the Hon. W. Baldwin Spencer said
that his government is deeply
concerned over the enormous
devastation and the massive loss of
life caused by the earthquake to a
fellow Member State of the Caribbean

Cabinet agreed that it will immediately
support the relief and rescue efforts
being organized by CARICOM to
include supporting and providing
manpower to the Caribbean Disaster
Emergency Management Agency
(CDEMA), CARICOM Implementation
Agency for Crime and Security
(IMPACS) and the Regional Security
System (RSS).

"Cabinet expresses the solidarity of
the Government and people of
Antigua and Barbuda with the people
of Haiti in this challenging time and
calls upon the people of Antigua and
Barbuda to pray for the people and
government of Haiti."

"Cabinet also agreed to pledge
EC$100,000 to the account

established by the Antigua
and Barbuda Red Cross as
part of its efforts to provide
support to the people of Haiti.

Citizens and residents of
Antigua and Barbuda are
encouraged to make
donations to the account
established by the Antigua
and Barbuda Red Cross."

In addition, the Cabinet is
committed, through
CARICOM, to work with the
Government of Haiti in
effecting the long term
reconstruction of all aspects of so(
and economic life and the restorat
of the administrative and institution
systems necessary for a full return
normal life.

"Cabinet also agreed that the Antic
and Barbuda Defence Force and
Antigua and Barbuda Search E
Rescue Unit should be on stand-by
assist in the work of CDEMA and
RSS, should the request be ma
In addition a list of relief items st(
piled in Antigua as part of the regio
warehouse has been forwarded
CDEMA to aid in the organization
relief and recovery efforts in Haiti."

Cabinet also noted with sadness
passing of former Antigua E
Barbuda and Leeward Islar

r I he Honourable W. Baldwin Spencer
Prime Minister of Antigua and Barbuda

cial opening batsman, cricket
ion administrator and coach Hayden
nal "Sharlo" Walsh.
i to
"Hayden "Sharlo" Walsh was a true
son of the Caribbean and a lover of
;ua the game of cricket which unites us
the all. His love for the game, outside of
ind his professional career, was evident
Sto as he dedicated a large portion of his
the time and energies in developing the
de. skills of our young boys and girls."
nal "Cricket and Antigua and Barbuda
to has lost a great son and a stalwart of
of the game."

Cabinet expressed its condolences to
the Hayden's children and other
ind members of the Walsh family. May
ids his soul rest in eternal peace.



* 24th


APRIL 2010

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His Excellency, Dr. Carl
B. Roberts, the High Commissioner for
Antigua and Barbuda, signed a Tax
Information Exchange Agreement
(TIEA) on behalf of the Government of
Antigua and Barbuda with Great
Britain and Northern Ireland on 18
January 2010. Signing on behalf of
Great Britain and Northern Ireland was
the Rt. Honourable Stephen Timms
MP, Financial Secretary to the

Antigua and Barbuda's High
Commissioner in the UK has now
signed a total of three Tax Information
Exchange Agreements on behalf of
the Government of Antigua and

Other countries in the Caribbean
Community, namely St. Kitts and
Nevis, St. Lucia and St. Vincent and
the Grenadines, which were
represented by their High
Commissioners, also signed the

The purpose of the Agreement is to
promote international cooperation in
tax matters through the exchange of

L-R His Excellency, Dr. Carl B. Roberts, High Commissioner for Antigua
and Barbuda and the Rt. Honourable Stephen Timms MP, Financial
Secretary to the Treasury

information. It was developed by the
OECD Global Forum Working Group
on Effective Exchange of Information.
The Working Group consisted of
representatives from OECD Member
countries as well as delegates from

Aruba, Bermuda, Bahrain, Cayman
Islands, Cyprus, Isle of Man, Malta,
Mauritius, the Netherlands Antilles, the
Seychelles and San Marino.

UK Sunday Times include
16 page feature on Antigua
and Barbuda in its 2010
Valentine's issue

Leading UK Newspaper, The Sunday
Times featured Antigua and Barbuda
in its 2010 Valentine's issue, which
was distributed throughout the UK, on
Sunday 14.

The full colour, glossy insert
commissioned by The Antigua and
Barbuda Tourism Authority, was filled
with inspiring and aspirational images
of the destination and its hotel
properties. Readers were invited to
'Dream a Little Dream' by browsing
the inserted 16 pages.

Director of Tourism for the UK Market
Hilary Modeste said: "The first quarter
is the key booking period for the UK
consumer. The Antigua and Barbuda

UK office is therefore launching our
2010 consumer awareness campaign
with the Sunday Times February 14
issue, which will reach approximately
1.5 million potential visitors."

The design which focused more on
amazing imagery, rather than
extensive text, was meant to
encourage potential visitors from the
family, weddings and honeymoon
markets, to travel to the destination.

The insert, showcased the wide range
of the country's accommodation
product that ranges from the ultra-
exclusive luxury properties to the
smaller more intimate VIP properties.

11 local properties have advertised in
the issue, with each property offering
the reader exclusive offers.

The properties, Sandals Grande
Antigua Resort and Spa, Grand

Pineapple Beach Antigua, Jolly Beach
Resort and Spa, Blue Waters and
Sugar Ridge participated in the
promotion, along with the smaller,
intimate properties such as The
Catamaran Hotel, Siboney Beach
Club, The Inn at English Harbor,
Copper & Lumber Store Hotel, Long
Bay Hotel, and Buccaneer Beach

CEO of the Antigua & Barbuda
Tourism Authority, Colin C. James,
said "the campaign would be of
tremendous value to a wide range of
properties on island, and for the first
time includes several of the smaller

The ability to involve some of the
smaller properties in this promotion,
and provide them with maximum
exposure, was an extra plus." He
added that: "the images and offers in
the 16 page feature, appearing at this
Continue on page 6



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At the recent Commonwealth Heads
of Government Meeting (CHOGM)
held from 27 to 29 November, 2009 in
Trinidad and Tobago, member states
agreed on a new system for financing
the Commonwealth Secretariat.
The scale of contributions, which sets
the contribution to be made by each
member state to fund the Secretariat,
was last changed more than twenty
years ago. The revised system will
mean that the contributions of a
number of countries will increase,
while financial relief will be given to
those with the least capacity to pay,
resulting in savings of between 37%
and 65%. Nine members will increase
their contributions by 25% or more
and one of these will see its
contribution double.
Prior to the new agreement, all
member countries contributed to the
Commonwealth Secretariat according
to a scale agreed back in 1989. In the
two decades that followed, members'
relative capacity to pay had changed
significantly: some Commonwealth
countries had experienced strong
economic growth, whilst others had
Under the new agreement, which will
be phased in over a three-year period,
beginning in the current financial year,
the starting point for determining each
country's contribution is its relative
capacity to pay. However, the new
scale also has a number of elements,
including a revised ceiling and floor to
reflect the other principles mandated
by Heads of Government at the
Kampala CHOGM in 2007: equitable

Secretary-General Kamalesh Sharma
Marlborough House, London, UK
Roland Kemp/Commonwealth Secretariat

burden sharing and shared ownership
for the Secretariat.
In future the scale will be reviewed
every five years and assessed to take
into account member countries
changing economic status.
In welcoming the agreement
Commonwealth Secretary-General,
Kamalesh Sharma, paid particular
tribute to the work of the Chair of the
Working Group of Members that
developed the agreement, the High
Commissioner of Antigua and

Barbuda to the United Kingdom, His
Excellency Dr. Carl Roberts.
Mr Sharma said: "The Secretariat
owes a huge debt of gratitude to Dr.
Roberts. His leadership, dedication
and skill coupled with strong support
from the Secretariat was
instrumental in bringing about an
agreement. In addition to all the work
he put into the Working Group itself,
and into numerous bilateral meetings
behind the scenes to develop the
agreement, the role he played at
CHOGM in skilfully navigating the
proposal through the Foreign
Ministers' Meeting to the meeting of
Heads of Government, was absolutely

Mr Sharma also noted that the
willingness of the major contributors to
pay more was a sign of the confidence
which member countries have in the
continuing relevance and importance
of the Commonwealth.

Steve Cutts, who as Director of the
Secretariat's Strategic Planning and
Evaluation Division provided technical
support to the Working Party, noted
that while the agreement does not
increase the size of the Secretariat's
budget overall, there was reason to
hope that some additional resources
would flow into the organisation as a
result. He explained that several
countries, who will now be paying a
lower rate under the new agreement,
had indicated that they would pass on
their savings to the Commonwealth
Fund for Technical Cooperation or the
Commonwealth Youth Fund

March 26 to


Antigua and Barbuda

CuCinary FestivaC

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Rappaport Passes

His Excellency Dr Carl Roberts, High
Commissioner for Antigua and
Barbuda represented the government
of Antigua and Barbuda at the
memorial service held in Geneva,
Switzerland for Bruce Rappaport, 86,
a Swiss-based financier and
international oil trader, who in 1981
acquired the majority holdings in
Antigua's West Indies Oil Company on
Friar's Hill Road.

Some considered him to be one of our
foremost benefactors and he referred
to himself as a 'Friend of Antigua'.

He will best be remembered
by all Antiguans and
Barbudans for procuring the
Codrington papers for the
people of Antigua and
Barbuda, when he
purchased them in 1980 off
the auction block in England.
He later constructed the
National Archives to house
the papers.

He was also Antigua and
Barbuda's Ambassador to

Source: Antigua Observer

His Excellency Dr Carl Roberts and Mrs Ruth
Rappaport at a reception at the Rappaport's
residence following the funeral service and
burial of the late Mr Bruce Rappaport.

Antigua and Barbuda
contributes to UN Flash
Appeal for women in

As part of the international
community's response to the people
of Haiti, Antigua and Barbuda has
made two small but nevertheless
significant donations to the United
Nations Flash Appeal, specifically
targeted to rapidly rebuilding and
expanding women's shelters and
provide services to women and their
families left homeless by last month's
massive earthquake that hit Haiti.

"We recognize that the limited
resources we have can never go far

Continued from page 4

time will also help to reposition the
destination's image in a very positive
way in the minds of the UK

Following from the Sunday Times
Insert, The UK office continued to
build momentum in the marketplace,
with the launch of the new website, The
website features attractive holiday
offers provided by hotel partners.

The Sunday Times is considered an
up-market National UK newspaper
and has a circulation of close to

enough to address fully the magnitude
of problems faced by our CARICOM
neighbour, Haiti. However, through
small, targeted responses such as
this, I believe we can contribute to this
effort, coordinated by UNIFEM, the
United Nations Development Fund for
Women, aimed at ensuring that
emergency and early recovery
assessment and assistance
adequately address the different
needs of women, men and children,"
said Prime Minister the Honourable
W. Baldwin Spencer.

During the flash appeal launched by
the United Nations last month in the
wake of the massive earthquake that
devastated the Haitian capital of Port-
au-Prince, UNIFEM notified UN
member States that is was seeking to

raise approximately US $2 million to
implement shelter reconstruction and
ensure that women participate
actively in the recovery efforts to
come. The initiative is aimed at,
among other things, bringing shelter
and protection to Haiti's women and
their families and counter gender-
based violence.

The outgoing President of Chile
Michelle Bachelet has agreed to work
closely with UNIFEM by lending her
energies and presence to amplify
Haitian women's voices and recovery
needs. And the organization's staff in
Haiti has gathered women's
organizations and other partner
agencies to re-establish connections
and begin coordination to provide
psychosocial activities and other

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"Governor General, Dame Louise

Education Minister, Dr. the Hon.
Jacqui Quinn-Leandro;

Other members of the Cabinet of
Antigua and Barbuda;

Chairman of the Board of Governors
of Island Academy International, Dr.
Soumi SenGupta and members of the

Director of Island Academy
International, Jim Pastore and other
members of the Administrative

Teachers, students, support start,
parents, specially invited,

Ladies and Gentlemen:

I bring warm greetings and
congratulations from the Government of
Antigua and Barbuda to the Board of
Governors and Faculty and Staff of
Island Academy International on this
momentous occasion, which signals the
expansion of this fine institution.

Today, the Government of Antigua and
Barbuda is particularly pleased with the
level of partnership we have able to
nurture with Island Academy
International. The results of our
collaboration are positive proof that my
government's policy of developing
Public-Private Partnerships are

Not only was the government interested
in partnering with Island Academy
International in the provision of lands for
the construction of two additional
buildings, but we recognize that the
Board of Island Academy shares the
government's vision of providing the best
possible education to our young people
and therefore we were eager to assist.

Over the past nine years since the
establishment of this institution, the
Board of Governors and Faculty have
been successful in achieving its main
mission of empowering each student by
providing a life experience that inspires
the development of the whole child,
which enables each student to embrace

the multiplicity of communities the world-

But more importantly, this institution has
been a model in promoting a culture
whereby each parent, child and teacher
work together to achieve mutual respect
and productive partnerships. The
government believes that the full
participation of the school and parents in
the education of our children can
produce untold benefits for our nation
and make education work for our young

I wish also to congratulate Island

Academy International on being recently
accredited with the International Bacca-
Laureate Organisation (IBO) at the
Diploma level.

This is a significant achievement not only
for Island Academy International but also
for Antigua and Barbuda, as this
accreditation has made Antigua and
Barbuda the first country within the
OECS to have such a programme.

I wish to say to parents and members of
the faculty of Island Academy
International, not to take this IBO
accreditation lightly. It is a very
significant development that has the

potential to radically advance the
delivery of education in Antigua and

With a stated goal of encouraging
students to become active,
compassionate and lifelong learners who
understand that other people, with their
differences, can also be right and to
develop young people who help to create
a better and more peaceful world
through intercultural understanding and
respect; this programme can only be
beneficial to the Antigua and Barbuda

I congratulate Island Academy
International once again for this
achievement and commend the Board of
Governors, Faculty and Staff for
partnering with the Government of
Antigua and Barbuda in providing an
education programme based on the
holistic development of each child.

Congratulations, and I
lookforward to continue
working with each one
of you as we educate
our young people.

Thank you very much."

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Prime Minister
Dr. the Hon. W. Baldwin Spencer
Opening of Island Academy International New Campus
14th January 2010

Island Academy students


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Susie's Hot Sauce

exhibited in Germany

Mrs Rosemarie McMaster MBE was
present at the CMT Fair 2010 which
took place in Stuttgart, Germany Jan
16-24, where Susie's Hot Sauce was
well presented and embraced by the
German visitors...with a knock
out...sold out record. Every last drop
of Susie's was '"Sold Out."

As usual, when she attends trade
shows, she sells Antigua and
Barbuda with a spicy passion, as she
adds the fiery sentiments of Susie's
Hot Sauce and encourage many
patrons to visit our beautiful paradise

Dr. Giersch, Honorary Consul in
Germany, re-emphasized how good
Mrs McMaster is at promoting her
country. "When I go out there...I work
for results...which will and has
benefited my country!", she says.

"The impact of the show was so good,
that we had lots of promises to visit
Antigua. and Barbuda .. and many
interest for loads of Susie's to
Germany. I will have to secure a
reliable stock of peppers so as to fully
utilize this great opportunity.

I must thank Dr. Giersch, and his very
hard working, committed and devoted
team for the great work they are doing
to promote Antigua Barbuda, and very
importantly, for having such
confidence in Susie's, to extend the
invitation to us to participate in this
wonderful trade show. I have been to
many trade shows all over the
world....and I think this is the best and
most professionally organized that I

have seen. I was given the opportunity
to present our products to the Prime
Minister and the Mayor of Stuttgart,

This exercise will make a great
contribution to the expansion efforts
and plans of Susie's. This year will
definitely be a dramatic action year for
us", Mrs McMaster said.

Continued from page 2

alertness can point to early
remedies that, with the help of
medical professionals, can lead to
appropriate corrective actions
being taken.

In the case of economic
performance of the State of
Antigua and Barbuda, let us
attempt to analyse the discussion
on the management of the
economy in 2009 vs. 2001.

There are many factors which can
be used to analyse the performance
of the economy of any country.
One could look at the GDP per
capital, the debt per capital, the debt
ratio, the level of local savings per

capital among many others. Per
capital figures are more often used
to avoid skewing the comparisons
and make it so much easier to
compare countries of various sizes.
When we look at the society in
general we use mortality rate,
women in politics, energy
consumption per capital and other
socio-economic indices.

The comparisons made during the
interview did not, as it should in all
fairness have done, take into
account the state of the world
economy then and now. It must
indeed be pointed out that none of
the crises in the world environment
before 2004 (oil, financial or
otherwise) affected world

economy as did the crisis of
2008/09. It must also be borne in
mind that the expected length and
spread of this current crisis is more
severe and pervasive than any
other since the 1930s.

What then must we say of the
comparisons made and inferences
drawn up? We can clearly and
quite rightly conclude that the
environmental factors are more
detrimental now than at any time
under the former government. As
the discussion never cited any
economic factors, it is difficult to
conduct an analysis and comment
on the fairness of the comparison.
The possible blacklisting of
Antigua and Barbuda by the OECD

o Continue on page 9

Mrs McMaster surrounded by hot sauce lovers

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Finance and Economy
Minister Harold Lovell meets
Brazilian Ambassador

Minister of Finance and the Economy
the Hon. Harold Lovell met on Monday
8th February with the new
ambassador from Brazil accredited to
Antigua and Barbuda, H.E. Mr. Brian
Michael Fraser Neele.

Ambassador Neele, who was formerly
posted to Honduras, is establishing a
new Brazilian Embassy in Antigua and
Barbuda. The Brazilian embassy will
be located in the Price Waterhouse
Building on the Old Parham Road.

Mr. Lovell welcomed Ambassador
Neele to Antigua and stated that he
wished to work closely with him in
strengthening the cooperation
between Antigua and Barbuda and
Brazil. Minister Lovell highlighted
several areas where he felt that closer
cooperation could have an impact on
the Antiguan economy and society,
including the establishment of air
links; cultural exchanges; academic
scholarships; and sport.

Continue from page 8

was used as a possible indicator of
where this government had
faltered. But is this a fair
inference? In its report on Antigua
and Barbuda, the OECD has
always praised the government for
the strength of its legislative and
regulatory framework. It
commended the government for its
responsiveness in updating its
legislative framework on a
constant basis.

The fallout from the Sir Allen
Stanford issue has been and
continues to be an area of grave

Ambassador Neele pointed
out that he was very happy
with his posting, and that he
intended to work with the
Antiguan authorities to bring
practical results to the
Brazilian presence in

The minister and the
ambassador also discussed
the economic situation in
the Caribbean and the need
for concessionary financing
opportunities to be Minister of F
expanded for countries Hon. Harold Lov
such as Antigua and
Barbuda. Ambassador Neil
indicated that Brazil was
opening four new embassies in the the Rev
Caribbean region as part of Brazil's as well
new diplomatic outreach. Brazil has possibil
had thousands of troops in Haiti since joining
2004 as part of the UN peacekeeping DeveloF
force; and the Brazilian Foreign
Minister Celso Amorim has held Both P
regular meetings with his CARICOM Ministry
counterparts in recent years. Doleen
The meeting also discussed the meeting
possibility of Brazil making a
contribution to the Caribbean Minister
Development Fund established under on the il

concern. Nothing like this homela
occurred during the previous terms into a
in office of any government, so it global
is difficult to compare and draw that ou
fair inferences, a decer
We should always, as with the case peace,
of young adults in their our tra
development, avoid making some values.
comparisons and drawing
inferences which cannot be I wish t
substantiated or grounded in term in
analysis. Now is a time for all of us the peo

to be drawn together as citize
and residents of Antigua ai
Barbuda, along with our mai
friends and development
partners, to build this "child" (o

ns and all
nd our hor

finance and the Economy
ell meets HE Brian Michael
Fraser Neele

'ised Treaty of Chaguaramas,
as Brazil's position on the
ity of Antigua and Barbuda
the Inter-American
)ment Bank.

permanent Secretaries in the
of Finance & Economy, Ms.
Lee and Ambassador Colin
h, also participated in the

Lovell promised to follow-up
teams raised.

nd, or beloved country)
productive member of the
family of nations. We hope
r development will provide
it quality of life for all who
within our shores; a life of
harmony and one based on
ditional culture and family

he government a successful
office and may God bless
ple of Antigua and Barbuda
of us who call that fair land

tal H.E. Dr Carl Roberts (13th March
ur 2010)

JMay 20 24

Caribana Barbuda

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Rev. Isacc hopes to
strengthen regional Street
Pastor movement

CEO of Ascension Trust and
International Director of the Street
Pastors Initiative, Rev. Les Isaac,
says his mission to the Caribbean is to
strengthen the movement of street
pastors across the region as well as
forging a partnership with the police,
government and church leaders.

Speaking to the AntiguaSun Rev.
Isaac said that partnerships with these
bodies are very essential and will
assist in bringing solutions which will
have a direct bearing on the current
trend that people face in terms of the
rise in anti-social behaviour with
young persons, gang activities and
the like.

We have to look at how we together
respond effectively to help to stop this
trend; through these entities we form
what we call urban treaty, working to
heal the ills at the heart of society."

Rev. Isaac further stated that efforts
are been made to expand the street
pastors initiative in other countries
with the view of targeting young
persons to be more proactive in
society, as well as encouraging
church leaders to get more involved in
the programme.

"I believe passionately
that the church should not
be just preaching, but
demonstrating its love
and compassion for... ........
people and one of the
main issues in our society
today is the lack of love
that persons are getting,
a very important

He further added that as
church leaders there is a
need for more vigilance
along with prayer in the
churches and more moral
support given to persons
in society.

"Sometimes people need
someone to engage
them. We need the CEO of 1
church to go out there, Direct(
visit a family, pray for
them, as they are God's
children. We need to come back to our
roots loving our neighbours"

He also stressed the need for more
street pastors to be involved in the

Street Pastors is an inter-
denominational church response to
urban problems, engaging with people
on the streets to care and dialogue. It
was pioneered in London in January

Ascension Trust and International
r of the Street Pastors Initiative,
Rev. Les Isaac,

2003 by Rev. Isaac, Director of
Ascension Trust.

The initiative started in Antigua and
Barbuda in 2006. Rev. Isaac left
Antigua for Guyana and then to
Trinidad & Tobago. He returns later in
March to continue his work in Antigua.

Source: AntiguaSun

Street pastors conference

slated for June in Antigua

Antigua and Barbuda's Street Pastors is gearing up to host a regional conference to the held at the
Jolly Beach Resort from the 15-17 June 2010.

Founder of the Initiative, Rev. Les Isaac, said that the event, which will be well attended by regional
stakeholders, is aimed at bringing everyone who has a concern for the community together, as well
as for all interested in bringing peace to the streets and tackling anti-social behaviour.

"There are a number of challenges we face as a society today; however, I believe they are solvable
when people come together to talk and think through the issue." He continued that the speakers will
be drawn from across the region, including Antigua and Barbuda.

Presenters to be featured at the conference include Pastor Bobby Wilmot of Jamaica,
Superintendent Andy Pratt of England, Professor John Pitts Professor of Socio-Legal studies,
University of Bedfordshire, Kim Martin from Crosswords Antigua and Sheila Roseau from the
Department of Gender Affairs.

The conference will also include workshop sessions and keynote speeches.

Source: AntiguaSun

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Ambassador Lovell secures
Technical Assistance from
the OAS for Antigua and
Barbuda's Public Sector
Transformation Programme

Organisation of American States OAS
Specialist from the Department of
State Modernization and Governance
Moises Benamor on Wednesday
arrived in Antigua and commenced
discussions with officials on the
government's Public Sector
Transformation Programme.

Mr. Benamor's visit was made
possible through a request made by
H.E. Deborah-Mae Lovell, Antigua
and Barbuda's Permanent
Representative to the OAS and
Ambassador to the United States of
America, during a recent meeting with
Secretary General of the OAS, Jose
Miguel Insulza.

While in Antigua, Mr. Moises
Benamor, will hold preliminary
discussions with Ambassador Joan
Underwood, Chief Implementation
Officer and the Director of the Public
Sector Transformation Advisory
Committee as well as other relevant

authorities in Antigua and
Through the preparatory
meetings, held between 18-19
February, Mr. Benamor, will
identify the nature of the inputs
required pursuant to the
government's public sector
reform agenda and flowing
from this, he will be placed in a
position to prepare a roadmap
for the technical experts who
will come to Antigua and
Barbuda following the initial

This latest contribution from the
OAS forms part of a wider
package of assistance that
Antigua and Barbuda receives
from the hemispheric Amba
organization. In addition to its
long history of providing
scholarships and professional
training for Antiguans and Barbudans,
the OAS, during the course of the past
eighteen months has provided
assistance for the following projects:
The Integrated Management Plan for
Codrington Lagoon; The Regional
Network of Women in Politics;
Tourism Training and Certification and
The Customs Automated Services, to
name just a few.

University of the
Nettleford who

PM Spencer attends
Official Funeral of
Professor Rex Nettleford

Prime Minister of Antigua and
Barbuda Dr. the Hon. W. Baldwin
Spencer arrived in Jamaica on 15th
February 2010 to attend the Official
Funeral of Professor Emeritus of the

West Indies Rex
passed away

Prime Minister Spencer was
accompanied to the Official Funeral
by Former Resident Tutor of the
UWI Extra Mural Department in
Antigua and Barbuda Dr. Ermina
Oshoba and Chairman of the Sir
V.C. Bird Centenary Committee and
Historian, Alister Thomas.

On the passing of Professor
Nettleford, Prime Minister Spencer
said that his greatness lay, not in
self-promotion, but in his promotion
of the Caribbean, particularly the
English-speaking islands in which
Africa collided with Great Britain, as
a place of great political potential
and greater human self-
actualization. He noted that
Professor Nettleford accomplished
this not only in theory, as a writer of

issador Lovell with Secretary General of
the OAS. Jose Miguel Insulza

In outlining the assistance given to
Antigua and Barbuda by the OAS,
Ambassador Lovell has said that her
delegation will continue to work to
ensure that the level of development
assistance to our country by the
hemispheric organization will not only
be maintained but also expanded.

significant intellectual insight and
literary ability, but in practice,
through art and music and dance,
language and, most importantly,
through education.

Professor Nettleford is known for his
intellectual and artistic contributions
to the issues of black identity in the
Western world as well as for his
understanding of the role of culture
and development. This earned him
respect throughout the Americas,
Europe and Africa.

He has received many honours and
awards for his work including the
Jamaican National Honour of Order
of Merit, the Living Legend Award
from the Black Arts Festival, Atlanta
USA and the UWI Pelican Award.

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Ministry of Legal Affairs
Statement on Antigua
and Barbuda's Status
with the FATF

The Financial Action Task Force
(FATF), which is the international
body that sets the anti-money
laundering and combating the
financing of terrorism (AML/CFT)
global standards, has as at February
18 2010 issued a public statement
identifying countries who currently
have regulatory deficiencies and
placing them in four (4) categories.
Antigua and Barbuda has been placed
in category 4 which are "jurisdictions
which have deficiencies for which they
have developed an action plan and
expressed a high-level political
commitment to work with FATF and
the regional Caribbean Financial
Action Task Force (CFATF) to
address these identified deficiencies".

The public statement follows a face-
to-face meeting in November 2009 in
Argentina between the International
Cooperation Review Group (ICRG)
and Antigua and Barbuda represented
by the Hon. Attorney General, Justin
L. Simon QC and the Chair of the
Financial Services Regulatory

Commission (FSRC), Ms. Althea
Crick. A follow-up Report was
submitted by Antigua and Barbuda in
early February 2010 following the
recent passage in the House of
Representatives of important
amendments to various pieces of
legislation including The Money
Laundering (Prevention)
(Amendment) Bill, The Prevention of
Terrorism (Amendment) Bill, and the
International Business Corporations
(Amendment) Bill. These Bills will be
debated in the Senate next week.

The arrest of R. Allen Stanford in the
U.S. on allegations that he operated a
massive Ponzi Scheme through his
wholly-owned Stanford International
Bank which is registered in and
regulated by Antigua and Barbuda,
and the request for the extradition of
Leroy King the former Administrator of
FSRC has highlighted deficiencies in
our legal and regulatory framework
additional to those previously
identified in the CFATF's 2007 Mutual
Evaluation Examiners Report on
Antigua and Barbuda. The Report is
conducted in each jurisdiction every
third year and assesses compliance
with FATF Recommendations and
implementation of changing norms
and regulatory practices. Stanford
International Bank Limited is currently
in liquidation.

Antigua and Barbuda has committed
itself to and has been duly
implementing the requested
amendments and changes to its off-
shore financial regime and will be
making a full report on its legislative
and regulatory actions at the CFATF
Plenary in June 2010. We are
pleased with the progress made to
date following the 30th Plenary in
Curagao in October 2009 at which a
follow-up Report had been tabled for
CFATF's consideration and review.
This is an ongoing process.

While we recognize the vital
importance of the off-shore financial
sector to our economy, we must also
pay close attention to our concomitant
obligation to maintain the global
standards of good governance and
AML/CFT requirements. We are
therefore working assiduously at
correcting these deficiencies by June
2010. We expect our financial
institutions (whether local or off-shore)
to recognize the changes being made,
both regulatory and legislative, and
call on them to ensure their diligent
and effective compliance as we
continuously seek to improve our
international standing.

Over $12 million estimated
for total Church restoration

Late last year, the Cathedral of St.
John the Divine (St. John's Cathedral)
celebrated its 161st year of existence;
in the same year, it was also forced to
close its doors after a section of its
floor collapsed and became the scene
of an accident when a teacher fell
through the floor.
The church's Dean, Rudolph Smithen
estimated a grand total of $3 million
dollars for renovating the church's
roof, floor and pews. This estimate,
however, has been further increased
to $12 million. The church's
restoration committee plans to tackle
these issues in separate phases and
will be seeking to raise funds

During the first phase, repairs will be
done to the structure's foundation and
roof and the pews will be replaced;
this is expected to cost $3,440,000.
Another $3,840,000 or so will be
needed for the second phase of the
project which is to include repairs to
external and internal walls as well as
electrical work.
The last two phases will consist of
several other projects; to include the
relocation of the vestry, renovation of
bathroom facilities and the stairs
leading to the tower doors, repairs to
the perimeter walls and gates, clocks
and clarion and the church's pathway.
The church's restoration committee
has embarked on several fund-raising
missions and will continue to do so in
order to facilitate the repairs to the
historic landmark.

St John's Cathedral

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Antigua and
Barbuda double
airlift from Italian

Livingston airlines will significantly
increase its direct charter flight
services to Antigua and Barbuda from
Milan, Italy this year.

The agreement to extend the weekly
charter was the outcome of
successful discussions between the
CEO of the Antigua and Barbuda
Tourism Authority Colin C. James,
and CEO of Livingston Airlines
Giancarlo Celani, at BIT, Borsa
Internazionale del Turismo
(International Tourism Exchange), the
largest Italian Tourism trade and
travel fair in Milan.

"This news will be welcomed by the
Italian tour operators and local hotels
who over the last few years have
been clamouring to get the service
extended" James said.

He indicated that the new extended
charter schedule will commence on
Sunday and now allows the
destination to actively target the
Italian wedding and honeymoon

Livingston's CEO, who has never
been to the destination, graciously
accepted an invitation from James to
not only visit Antigua and Barbuda
but, also committed to providing free
seats for a mega FAM and press trip
to help promote the destination.

Last year, the Ministry of Tourism's
statistics showed a growth of 9.68%
from the Italian Market, in spite of the
global declines in other markets.

Antigua and Barbuda's Minister of
Tourism, Civil Aviation and Culture,
John Maginley, said: "In this time
when airlines are cutting back it is
great to know that our partnership
with our operators continues to be
strong and this latest development
shows that the government's
investment in the tourism industry is
now yielding positive results for the
country in growing markets like Italy."

The once-a-week charter which
commenced this season's service in
November 2009 would usually run
until April. Service has now been
extended to run until the first week in
September. Livingston also
committed to resume its winter
schedule even earlier than previously
at the end of October this year.

BIT which runs from the 18 to 21
February, allows tourism related
entities to meet members of the trade
and the public.

This year, Jolly Beach Resort and
Spa, Elle Colonna, Elite Island
Resorts, The Inn at English Harbour
and Hermitage Bay jointly
participated with the Antigua and
Barbuda Tourism Authority in
promoting the destination at the event.

This positive development comes
hard on the heels of the
Donnavventura TV show which was
recently filmed in Antigua and
Barbuda and aired on Italian TV last

The Antigua and Barbuda office in
Italy has seen a rush of inquiries since
the show's airing.

Another Italian TV crew is currently on
island filming for additional
programmes which will showcase the
country's investment and tourism


,Antigua CCassic yacht


ApriC15 to 20

Antigua and Barbuda at the Italian Tourism Trade and
Travel Fair in Milan

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New Director for the Wesley Study Centre

The Wesley Study
Centre, Durham has recently
nominated a new Director. The
Rev. Dr. Calvin T. Samuel will
take over the leading role in
September 2010, subject to the
confirmation of the Methodist
Conference. He will succeed
the Rev. Dr. Roger Walton who
will step down after successfully
leading the Wesley Study
Centre for 11 years.

Dr Samuel who is currently New
Testament Tutor at Spurgeon's
College, London, and Chaplain
to Farringtons School in the
Orpington and Chislehurst
Circuit, will take up the position
as the Wesley Study Centre
enters its 22nd Anniversary
year. He brings with him a
wealth of experience, including
previous roles as Assistant
Director of Research and
Faculty Administration at
London Business School, and
Visiting Lecturer in Biblical
studies at Nazarene
Theological College as well as
ministry in Circuit.

Professor James Dunn, Chair of
the Wesley Study Centre
Management Committee said:
"Dr Samuel is a Methodist
minister who comes to us with a
very impressive educational
background, including an MBA
(Manchester Business School)

and PhD (King's College,
London), and a very interesting
range of experience, including
bank management, university
administration, circuit ministry,
school chaplaincy, and lecturing
in biblical studies. He is highly
regarded in London as an
outstanding minister and an
excellent communicator. He
has served as Convenor of the
Vocational Development
Commission from its inception
in the London District in 2006,
and as a member of
Methodism's Faith and Order
Committee. The Wesley Study
Centre has shown a pioneering
spirit from its beginning 21
years ago, and the WSC
Management Committee is very
much looking forward to Dr
Samuel taking over its
leadership into the next phase,
starting next year."

David Wilkinson, Principal of St
John's College at Durham
University said: "The
appointment of Dr Calvin
Samuel is an exciting
opportunity for both the Wesley
Study Centre and St John's
College. Dr Samuel will push
our commitment to cutting edge
thinking in mission and ministry.
His academic work on holiness
will find resonances with
formation in ministry being
located in rigorous theological

thinking, prayer, worship and
transformed lifestyle.

"The growth of the Wesley
Study Centre over the past 20
years has been astonishing.
This appointment will solidify its
national and international
reputation and take it forward in
new ways."

Dr Calvin Samuel was born in
Barbados and grew up in
Antigua before coming to Britain
to study for a BA in Theology
and Pastoral Studies at
Nazarene Theological College
in Manchester. He is married to
Ramona and they are parents
to Tiana and Fletcher.

Following his appointment, Dr
Samuel said: "The Wesley
Study Centre's close links with
Durham University, its location
near Northumberland and
historic Methodist sites, its
ecumenical approach to
ministerial formation and
theological enquiry, all of which
are enlivened by an open
spirituality, make it one of the
best resource theological
institutions in British Methodism.
I am excited at the prospect of
becoming Director of the
Wesley Study Centre and
looking forward to further
developing the excellent work
being done there."

AnnualT'ennis Week

May i

to 8

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Antigua and Barbuda passport application Procedures
An Overview

For persons born in Antiqua and Barbuda

Documents Required:

1. Antigua and Barbuda birth certificate (original) and/or
2. Antigua and Barbuda baptismal certificate (original) (only required if father's name
does not appear in the surname box of the birth certificate. The parents' names
normally appear on a baptismal certificate
3. If married or divorced (decree absolute), marriage certificate or decree absolute
(original with 'Apostille')
4. Two passport photographs (white background) one has to be certified by a
professional person and his official stamp affixed to Section 9 of the form. He also
has to complete Section 9
5. Previous Antigua and Barbuda passport, (or e.g. British passport Colony of Antigua,
State of Antigua)

All documents must be originals/certified copies. Please note that all non-Antigua and Barbuda
documents must have a 'Stamp of Apostille' affixed (legalization) by the relevant Authority. For
example, UK documents are legalized by the (British) Foreign and Commonwealth Office.

For persons born in the UK of Antiguan and Barbudan parents

Documents Required:

1. Full United Kingdom birth certificate (original) which has the name(s) of Antigua and
Barbudan parents) through whom citizenship is being claimed
2. Antigua and Barbuda birth certificate of parents) (original)
3. Antigua and Barbuda baptismal certificate of parents (original) (only required if
father's name does not appear in the surname box of the birth certificate and father's
name is used). Both parents' names normally appear on a baptismal certificate
4. If married or divorced (decree absolute), marriage certificate or decree absolute
(original with 'Apostille')
5. Two passport photographs (white background) one has to be certified by a
professional person, complete Section 9 and then affix official stamp
6. Note all first time applicants have to be interviewed and must also produce parents
Antigua and Barbuda passport (if available) and UK (or other) passport

For persons applying on the basis of naturalisation (citizenship by residence):

1. Antigua and Barbuda original naturalisation certificate,
2. certified/original copy of birth certificate (with 'Apostille')


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Additional Information

a. Blank passport application forms (L adult, M child under 16 years) and guidance notes can
be downloaded from our website: or or telephone the High Commission 020 7258 0070 to obtain
a form.
b. The notes provide details of the required documents to support claim to citizenship..

c. The Foreign and Commonwealth Office (FCO) 'Apostille'/legalizes British documents.
Details on the procedures is available on the FCO's website: or telephone
the FCO on 01908 295111. The current fee for the 'Apostille' is 28.

d. For renewal of an Antigua and Barbuda passport, the relevant documents e.g. birth,
baptismal, marriage certificates have to be submitted. In some cases a Deed Poll or Affidavit
may be required.

e. Fees adult passport 50.00, child passport 25.00. All applicants pay an extra 80.00 for
the courier service to forward to Antigua and return documents and passport to the High


The above procedures came into effect in 2006 with the introduction of new machine
readable 'Caribbean Community Antigua and Barbuda passports' which are only issued in

For persons applying on the grounds of marriage

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February, 23

In an effort to bring clarity to the discussion about the State Insurance Corporation (SIC) Divestment Project, the
Divestment Unit which was established in the Office of the Prime Minister in October 2009 to identify the potential
for privatization of several state-owned corporations has issued the present Fact Sheet which aims at answering the
following questions:

1. What are the overall objectives of the Government's divestment programme?
2. What is the rationale of the SIC Divestment Project?
3. Is it true that the State Insurance Corporation Act restricts SIC's ability to expand beyond Antigua and Barbuda?
4. What are the objectives of the Divestment Project?
5. Why should the Government divest a company from which it receives dividends?
6. Would other divestment options be considered? What about a listing of SIC on regional financial markets?
7. Why wasn't the first option for divestment that of selling the company to the general public?
8. Would SIC's Board of Directors, Management and Staff and other stakeholders be involved?
9. What is the impact of the Project on State Insurance Corporation? On its customers?
10.What process will be followed?
11. And what if the Project does not succeed?
12.What are the criteria for qualification?
13.Would the Government commit to communicate on the Project to the media and to the
general public?

1 What are the overall objectives of the Government's Divestment
In the wake of receiving a new mandate during the March 2009 general elections the United Progressive Party
administration articulated the following objectives for its divestment programme:
i. Relieve the Financial and Administrative Burden of Government
Divestment is a means of generating revenue for the Treasury revenue that can assist the government in fulfilling
other obligations including poverty reduction.
ii. Reduce the Size of the Public Sector
There is consensus across the political spectrum and indeed the wider society that the public sector is too large and
'not fit for purpose'. Divestment would serve to 'right-size' the public sector.
iii. Improve Efficiency and Productivity
The Antiguan and Barbudan public yearns for better services and a higher level of productivity from stated-owned
corporations. Divestment will play a pivotal role in the realization of such a desire. The improvement in efficiency can
be aided by the injection
of new capital by the investors who take up the 'divested shares'. The associated capital injection could also fund the
introduction of new products, services and business models that will redound to the benefit of consumers.
iv. Broaden the Ownership Base
The Baldwin Spencer administration has repeatedly enunciated its policy of empowering Antiguans and Barbudans.
The divestment strategy is a fitting way to operationalize that policy. In particular, employees at the state-owned
corporations will have the opportunity to buy shares. As joint owners, employees will have a vested interest in ensuring
that these corporations perform with maximum efficiency.
v. Depoliticisation of Decisions in the Target Industries
Throughout the years, successive governments have been accused of politicizing the management of state owned
enterprises. Through divestment, new ownership and management structures along with the corporate governance
principles will help to restore and/or augment confidence in these corporations.
vi. Market Liberalization
As the forces of globalization continue to impact domestic, regional and international transactions, small states in
particular are being forced to adapt to new economic realities. In this regard, state owned corporations must change
their ways of operations if they are to be competitive in these liberalized markets. If state owned corporations cannot
be brought in line with 21st century modalities, then the economic footing of this country may be weakened.


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2-What is the rationale for the SIC Divestment Project?

Two types of considerations are the basis of the SIC Divestment Project: on the Corporation itself, and, most
importantly, on the insurance sector in Antigua and Barbuda.

A-On State Insurance Corporation

An initial review of State Insurance Corporation was conducted in October 2009. It highlighted the following:

Since its appointment in 2004, the current Board of Directors has effected a significant turnaround of
SIC's operations. SIC has been operationally profitable over the last several years.
However, it was determined that the Company is currently operating at close to a peak
performance as:

The company's market share has not grown in the last five years. Its market share has remained stable at
18-19%, according to data from the Financial Services Regulatory Commission (FSRC). It was assessed that the
company is not aggressively pursuing new opportunities in terms of developing new distribution channels, addressing
new customer needs and reaching beyond Antigua and Barbuda.

There are significant areas of operational improvements for instance human resources, information
systems, customer service and marketing.

SIC's status as a statutory body seems to restrict its ability to develop its activities notably outside Antigua
and Barbuda (please see question 2 below).

B-On the Insurance Sector in Antigua and Barbuda
There are approximately 88,000 inhabitants in Antigua and Barbuda, but we have 21 active insurance
companies. None of them have more than 20% market share. Most of them have limited capital and operational
means. The main reason this situation prevails is that Antigua and Barbuda has been lucky not to have been hit by a
hurricane in the last eleven years; therefore our insurance companies have not been exposed to the significant claims
which such a dramatic event would trigger. Should a major hurricane happen, it is possible that many companies
would collapse and the correlated default of payment of claims could significantly damage our national economy.
Consolidation must happen in order for Antigua to benefit from larger, better capitalized insurance operators
with greater expertise who would sustain the risks created by our hurricane-prone location.

The situation is similar in the Eastern Caribbean where over 60 insurance companies are operating. This explains
recent proposals made at the regulatory level to unify the Eastern Caribbean Market including the introduction of
uniform insurance legislation throughout the Organisation of Eastern Caribbean States (OECS), the formation of an
Insurance Association of the Eastern Caribbean States, and the establishment of an independent Single Regulatory
Unit (SRU) in each OECS country.

Our initial review concluded that State Insurance Corporation would benefit from the injection of capital and the
expertise of a reputable insurance investor in order to improve its operations and service offerings. Divestment will
also enable SIC to participate in the necessary consolidation of the insurance market expected to unfold in Antigua
and Barbuda and in the wider Eastern Caribbean.

1 These proposals have been backed by the Eastern Caribbean Central Bank (ECCB),
the Caribbean Regional Technical Assistance Centre (CARTAC), and the Caribbean Association of
Insurance Regulators.


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3 Is it true that the State Insurance Corporation Act restricts SIC's ability to expand beyond
Antigua and Barbuda?
A team of legal experts is reviewing this issue. At this early stage, it can be said that the State Insurance Corporation
Act per se may not restrict the ability of SIC to develop its business including abroad. However, its charter as a statutory
body may limit its ability to grow in certain areas for instance to forge equity partnerships with other operators.

Please note that the rationale for the Divestment Project is not based on a mere legal issue, but on more important
considerations related to SIC's sustainable development and on the viability of our insurance sector as explained above.

4 What are the objectives of the Divestment Project?

Faced with the situation explained above, this Government took the decision to actively pursue a strategy which will
enable State Insurance Corporation to grow further as well as address the weaknesses of our insurance sector.
Therefore, the objectives of the State Insurance Corporation Divestment Project are:

1. To ensure the long term sustainable development of State Insurance Corporation through a partnership
between the Government and a reputable private sector insurance investor;

2. To support the necessary consolidation of the insurance sector in Antigua which should lead to significant
improvements in the sustainability, efficiency and quality of insurance services in Antigua and Barbuda; this will in turn
support the growth of the national economy.

3. To provide fiscal revenues to the Government; this will be allocated to priority sectors thereby stimulating
economic activity.

4. To give staff, policy holders and other interested Antiguan and Barbudan investors the opportunity to
purchase shares in SIC. This will be accomplished when the Government divests some of its remaining interests.

5 Why should the Government divest a company from which it receives

It is true that SIC has provided combined dividends of $18 million to the Government in the last two years. It has also
benefited from a tax exempt status. With the Divestment Project, speaking on strict financial terms, the Government
seeks to maximize the return on its investment in SIC. As will be explained in question 6, the value the Government
could earn from this Project is expected to be much higher than the flow of dividends the Government would earn
on a business as usual scenario.

In addition, strategic and timing considerations are involved. Should the expected consolidation of the national insurance
sector happen without State Insurance Corporation, SIC could lose its current strong market position and its financial
value to the Government would likely be significantly reduced.

6 Would other divestment options be considered? What about a listing of SIC on regional
financial markets?
At this stage, all options are considered. We have just mobilized IFC, the private sector arm of the World Bank to
advise on the Project. IFC has an impressive international track record and extensive experience in privatization
transactions in the insurance sector. They have just initiated their work and started mobilizing technical and legal
consultants. In two to three months maximum, IFC will submit to the Divestment Unit a report ("Strategic Options Report")
describing their recommendations notably in terms of which divestment option would best meet the objectives assigned
to the project.

Please note, however, that an initial review performed by the Divestment Unit found that SIC would benefit from the
technical expertise which would lead to immediate improvements of the Corporation's operations as well as the
economies of scale and capital a partnership with a reputable insurance investor would provide. This same initial review
also mentioned the likelihood that such an option would lead to a higher valuation of the Corporation as it would be
assessed both on its own merits and on these likely benefits.


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7 Why wasn't the first option for divestment that of selling the company to the general
As mentioned above, the initial review highlighted the importance of technical expertise, economies of scale and
significant cash injection. In the absence of these factors the sale of SIC shares to the general public is not likely to
guarantee the long term sustainability of the company.

8 Would SIC's board of directors, management, staff and other stakeholders be involved?
Regular updates will be provided to SIC's board of directors, management and staff in order for hem to be aware of the
progress made, and to give them the opportunity to raise their concerns and comments. To make the divestment
possible and give the people of Antigua the option to contribute to SIC's future success and standing, the
company needs the continuous endorsement of its customers as well as the unwavering support and
continued hard work of its directors, management and staff.

The Divestment Strategy Policy Paper which was approved by Cabinet in October 2009 mandated the establishment
of an Advisory Committee. This Advisory Committee will be closely associated with the Project, will review its progress
and advise the Government through the Divestment Unit throughout the process. The list of participants of this
Advisory Committee is being finalized but would likely include representatives of the unions, of SIC's staff and
management, of the Ministry of Finance as well as other stakeholders.

9 What is the impact of the Project on State Insurance Corporation? On its customers?
At this stage, the Project has no impact on the Corporation's strategy, operations, management and staff. Under
the leadership of Chairman Pedro Corbin, SIC continues to deliver its high quality services which are the basis for the
company's strong reputation in Antigua. After the successful implementation of the Project, we expect SIC to increase
the efficiency of its operations, diversify its product portfolio and ultimately deliver a greater service value to its customers.

10 What process will be followed?

Over the next two to three months, IFC will mobilize technical and legal consultants and analyze the regulatory, legal,
business and financial aspects of the divestment process. Following such analysis, the Government will launch an
international bidding process and invite reputable insurance investors to express interest. Investors with adequate
financial strength and technical expertise will then be invited to submit their proposals. The qualified investor which
will submit the strongest plan for the development of SIC and propose the highest value for the Government and
people of Antigua and Barbuda will be awarded the Project. The entire process is expected to last six to eight months.

11 And what if the Project does not succeed?

If no investors of adequate technical expertise and financial strength submit a proposal; or if the proposals submitted
are below the minimum requirement of the Government in terms of value; or if the proposals submitted do not ensure
the sustainable development of SIC, then the Government would not divest State Insurance Corporation. At this stage
however, given the performance of the company and the perceived opportunities in the market, we strongly believe that
the Project will be successfully implemented.

12 What are the criteria for qualification?

Potential investors would be qualified on the basis of their technical expertise and financial strength. The exact criteria,
and broadly speaking the details of the bidding process, are being defined and will be communicated in the next two to
three months through the media and on the Internet.

13 Would the Government commit to communicate on the Project to
the media and to the public opinion?

Yes: we will provide regular updates on the progress of the Project as well as make ourselves available to address
comments and concerns of stakeholders. It is most likely, however, that the next important announcement would not
occur before the next two to three months i.e. Once the Government has reviewed the Strategic Options Report, has
made a determination and is ready to announce the final details of the bidding process/way forward.

Produced by the Government of Antigua and Barbuda

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