A&B MOVES TO INCREASE SHAREHOLDING IN DEVELOPMENT BANK LAC

Parliament’s Lower House has given the green light for Antigua and Barbuda to increase its shareholding in the Development Bank of Latin America and the Caribbean, CAF.

This is a crucial step in the country’s efforts to secure cheaper loan financing from the bank to improve the country’s cash flow and pay down on higher interest debts.

A resolution was passed in Monday’s sitting, approving the additional purchase of nearly US$60 million worth of shares in CAF.

Elesha George reports.