CABINET NOTES: The Cabinet held a discussion about enhancing domestic ownership in the Tourism sector.
While foreign direct investment (FDI) is highly-prized and sought-after, the Cabinet is of the view that citizens of Antigua and Barbuda should not be left out of the lucrative hotel sector, while they merely keep their savings in the bank collecting 2% interest.
The returns on investment from the tourism/hospitality sector are usually very profitable.
More and more nationals of Antigua and Barbuda, the Cabinet agreed, are to be encouraged to invest in the construction of luxury homes and condominiums that earn a high return annually.
Investments in Pensioners’ Beach, Willoughby Bay, Callalloo Quay and Halcyon Heights are being set aside for investment by the nationals of Antigua and Barbuda who are prepared to invest their capital.
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Pays 200k. I’m now an Antiguan. 😛
Great plan, I am guessing I am being listened to. Let us start also with the easiest, start borrowing from locals. Give them that that better than 2% interest but lower than what that money/loan would cost overseas. This is the first step.
I am interested in lending the government $500,000 to $1,000,000.00, if they can guarantee me i will get my money back, as requested (With terms like my US Treasury Bonds, I bonds or EE Bonds or better terms). Terms like there is a stipulated time I cannot cash out, 1 year, if I leave the money up to a certain time, a guarantee the money will double is given, there are fix interest rate and an additional inflation rate added, etcetera. Practically the exact thing the US offers, and better.
Please contact me and start with the less risky for locals to get money in their pockets. I am saying less risky because I am assuming one day the government can pay as promisee and have the same type of FDIC and SEC reliability (administrative/regulatory law, one of my area of strong focus, where I make my money).
@my way of helping October 17, 2024 At 9:28 am
https://www.ecseonline.com/markets/regional-government-securities-market-rgsm/
I hate when people are lazy or perhaps just deliberate to make dumb statement. Anyone want to invest in government bonds and securities has to go through the Regional Security market. And it is regulated by the ECCB. What more do you want. If the government put out a bond that matures in 5r years they have to make sure it is paid at maturity date with the interest. And this goes for ALL the governments of the Eastern Caribbean Currency Union. If you are interested just go to website and stop putting out stupidness that you want to lend government money and they can contact you.
For politicians you mean?
@We’ll See, I thought about the same thing after I already submitted my long comment. I was like, I should have put that part in, but I already hit submit.