{"id":107541,"date":"2020-03-12T17:50:34","date_gmt":"2020-03-12T21:50:34","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=107541"},"modified":"2020-03-12T17:50:34","modified_gmt":"2020-03-12T21:50:34","slug":"commentary-financial-measures-necessary-to-ride-out-coronavirus","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/commentary-financial-measures-necessary-to-ride-out-coronavirus\/","title":{"rendered":"COMMENTARY: Financial Measures Necessary To Ride-Out Coronavirus"},"content":{"rendered":"<div id=\"antig-3714126749\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-4102032695\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"mbs ad\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-ad.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-ad.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-ad.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-ad.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-ad.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><p><b>By Sir Ronald Sanders<\/b><\/p><div id=\"antig-2872642794\" class=\"antig-content_5 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ablpag\" aria-label=\"ABLP_2026_Launch_English_Digital-BB\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png 2160w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:512\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:384\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:768\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English_Digital-BB-1.png 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2160\" height=\"1080\"   \/><\/a><\/div>\n<p><i>(The writer is Ambassador of Antigua and Barbuda to the United States and the Organization of American States.\u00a0\u00a0He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and at Massey College in the University of Toronto.\u00a0\u00a0The views expressed are entirely his own)<\/i><\/p>\n<p>&nbsp;<\/p><div id=\"antig-1540536830\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-239775686\" class=\"antig-content_12 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ablpag\" aria-label=\"ABLP_2026_Launch_English-_lineup_Digital-BB (1)\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png 2160w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:512\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:384\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:768\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/04\/ABLP_2026_Launch_English-_lineup_Digital-BB-1.png 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2160\" height=\"1080\"   \/><\/a><\/div>\n<p>Regardless of the number of Coronavirus cases (COVID-19) that occur in the Caribbean, the economies of each of them, particularly those dependent on tourism, will suffer in the immediate to medium term.<\/p><div id=\"antig-4040653795\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/ReggaeInTheParkAntigua\" aria-label=\"lucanio\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 1080w, https:\/\/mlavawteztbj.i.optimole.com\/w:240\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 240w, https:\/\/mlavawteztbj.i.optimole.com\/w:819\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 819w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2020\/12\/lucanio.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1080\" height=\"1350\"   \/><\/a><\/div>\n<p>Fear, and travel restrictions on persons living in countries with COVID-19, have already disrupted the global economy and supply chains for goods and services.<\/p>\n<p>Indeed, every country in the world will be adversely affected economically even if any of them avoid a major public health emergency.\u00a0\u00a0The International Monetary Fund (IMF) has already made an early forecast that its predicted 3.3% growth in 2020 will not occur.\u00a0\u00a0\u00a0Optimistically, the Fund now expects growth below 2.9%.<\/p><div id=\"antig-3109194432\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"500X500 (1)\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/03\/500X500-1.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n<p>Growth rates in the tourism-reliant countries have already declined.\u00a0\u00a0\u00a0Many hotels have experienced cancellations over the immediate period and well into the next winter season.\u00a0\u00a0Of the world\u2019s top twenty-five tourism dependent countries, nine are in the Caribbean.<\/p>\n<p>In order of highest dependence, they are: British Virgin Islands, Aruba, The Bahamas, St Lucia, Belize, Barbados, Antigua and Barbuda, Dominica and Jamaica.<\/p><div id=\"antig-1691213821\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"CM key_WEB 1300x300_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1301\/h:301\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1301\/h:301\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 1301w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:69\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:237\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:178\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/CM-key_WEB-1300x300_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1301\" height=\"301\"   \/><\/a><\/div>\n<p>With a reduction in the numbers of hotel guests and patrons of restaurants as well as the number of persons renting vehicles, earnings in the sector have dropped; jobs are being lost; and government revenues are declining.<\/p><div id=\"antig-3923791817\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Broadband 1200x400_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/11\/ANU-CVP-Digital-Broadband-1200x400_1-1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n<p>The situation is worse for those Caribbean countries that also rely on cruise-ships as part of the overall contribution of tourism to the economy.\u00a0\u00a0The latest authoritative figures rank those countries in order of dependence as:\u00a0\u00a0St. Kitts and Nevis at 5.9% of Gross Domestic Product (GDP); Antigua and Barbuda, 4.1%; Belize, 4.0%, St. Lucia, 3.9%; Bahamas 3.0%;\u00a0\u00a0Dominica, 3.0%; Grenada, 2.8%;\u00a0\u00a0and Barbados, 1.5%.<\/p>\n<p>The U.S. State Department has been discouraging Cruise ship travel, warning U.S. citizens, particularly travellers with underlying health conditions, \u201cnot to travel by cruise ship\u201d.\u00a0\u00a0The U.S. Centers for Disease Control and Prevention has issued guidance, cautioning travellers of \u201cincreased risk of infection of COVID-19 in a cruise ship environment.\u201d<\/p>\n<p>Fear of being quarantined on a cruise ship anywhere in the world has frightened potential passengers.\u00a0\u00a0Cruises to the Caribbean have been badly affected.\u00a0\u00a0Stock values in Carnival Corp. is down 52.7% year-to-date; Royal Caribbean is down 61.3%, and Norwegian has fallen 65%.<\/p>\n<p>Obviously, all the commercial businesses in the tourism sector in Caribbean countries will also face a reduction in their profits.\u00a0\u00a0\u00a0If the fear over COVID-19 persists and the quest for a vaccine is protracted, these businesses could fall into financial loss.\u00a0\u00a0In those circumstances, even more workers will be laid-off and their restricted spending will impact other sectors from which they buy goods and services.<\/p>\n<p>Governments will be particularly hard-pressed because they will be deprived of revenues at a time when they are required to spend more money, much of it in foreign exchange, in their attempts to militate against COVID-19 which, despite best efforts, will enter their countries and could spread into community clusters as it has done elsewhere in the world.<\/p>\n<p>Small Caribbean states do not have the considerable resources or economic and fiscal tools of rich North American and European countries that can be deployed by Treasury Departments and Central Banks.\u00a0\u00a0\u00a0But, there are still come options available provided all sections of the society assume the mantle that \u201ceveryone is in this together\u201d.<\/p>\n<p>Measures to stop the incubation and spread of the virus, including good hygiene, meticulous handwashing, self-isolation, cancellation of events that attract large crowds \u2013 all of these are necessary.\u00a0\u00a0But steps will also have to be taken to help both persons who become unemployed and those self-employed persons who get ill with COVID-19 and are forced not to work for a minimum of 14 days.<\/p>\n<p>The banking sector could be enormously helpful in efforts to keep the economy buoyant by implementing several actions.\u00a0\u00a0Among them: renegotiate payment terms for house mortgages and other property, particularly vehicles, for persons who are either temporarily laid-off or self-employed persons who cannot earn because of illness; bank fees and charges, which are higher in the Caribbean than in many other parts of the world could be reduced significantly; and interest rates on loans could also be decreased while COVID-19 affects economies.<\/p>\n<p>Certainly, government debt to domestic banks should be renegotiated and the banks should agree to extend the repayment periods and reduce the interest rates while governments are compelled to increase spending to deal with the public health emergency that all Caribbean countries now face.<\/p>\n<p>If, heaven forbid, Banks are unwilling to adopt such measures, which, ultimately, will be to their benefit by ensuring that loans don\u2019t sour, and customers can continue to buy their services, then governments might have to resort to legislation to urge them in a sensible direction.<\/p>\n<p>Trade Unions and other bargaining agents could also play an important part in the current crisis by putting into abeyance all demands for increased wages and payment of arrears.\u00a0\u00a0\u00a0Making such demands, at a time when both governments and the private sector face reduced income, would destabilize already unstable economies.<\/p>\n<p>Governments might also have to consider placing a moratorium on repayment of foreign debts.\u00a0\u00a0The repayment of such debt requires foreign exchange, whose earning will be reduced by the decline in tourism.\u00a0\u00a0Further, existing foreign exchange reserves will dwindle as those reserves are used to continue to import goods and services for the society, including new spending on equipment and medicines to fight the coronavirus.<\/p>\n<p>No reasonable international bank or foreign lending agency, including Export-Import banks of individual nations, could demand to be paid debts in full at a time of impossibility, when there is every possibility of debts being discharged in the future.<\/p>\n<p>The spread of COVID-19 in North America and Europe, and the economic effect on the Caribbean region, once again demonstrates the region\u2019s vulnerability to external circumstances.<\/p>\n<p>The need for a stronger, more resilient, more integrated region &#8211; at all levels including fiscal policies and financial strategies &#8211; is emphasised by the vulnerability that COVID-19 has underscored, even though the virus itself hardly hit Caribbean shores.<\/p>\n<p><b><i>Responses and previous commentaries:\u00a0<a href=\"http:\/\/www.sirronaldsanders.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.sirronaldsanders.com&amp;source=gmail&amp;ust=1584135623471000&amp;usg=AFQjCNH9Hsanh6NstblN2LvbJJTi2UpgQw\">www.sirronaldsanders.com<\/a><\/i><\/b><\/p>\n<div id=\"antig-1581260632\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>By Sir Ronald Sanders (The writer is Ambassador of Antigua and Barbuda to the United States and the Organization of American States.\u00a0\u00a0He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and at Massey College in the University of Toronto.\u00a0\u00a0The views expressed are entirely his own) &nbsp; Regardless [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":18251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-107541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COMMENTARY: Financial Measures Necessary To Ride-Out Coronavirus - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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