Antigua PM for NY Town Hall Meeting

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CaribWorldNews, NEW YORK, NY, Fri. Nov. 19, 2010: Antigua Prime Minister Baldwin Spencer is set for a meeting with his Diaspora in New York.

The prime minister is set to host a Town Hall Meeting on Sunday, November 21st from 4:30 p.m. at the St. Luke’s Episcopal Church, 777 E. 222nd Street, corner of Barnes Avenue in the Bronx. Nationals from the tri-state area are urged to attend.

The visit comes as the International Monetary Fund last month said the Antiguan economy continues to be adversely affected by sustained weakness in tourism receipts, FDI inflows, and remittances, resulting in a sharper-than-expected contraction in economic activity this year, following a steep decline in 2009.

But the body noted that the government had made substantial progress toward the achievement of the targeted primary surplus of 3 percent of GDP following a primary deficit of 1.5 percent last year.

The authorities are also putting in place an effective regulatory framework for offshore financial services and nonbank financial institutions, the IMF said.

For more information on the forum call 212-541-4117.

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