The government says a drop in revenues from the Citizenship by Investment Programme is what has caused the delay in disbursements under the Prime Minister’s Scholarship Committee.
With only weeks before the start of the new semester, a number of concerned parent and students have been visiting the Office of the Prime M
The committee is headed by Director General of Communications and Festivals Commission Chairman, Maurice Merchant.
Chief of Staff Lionel Max Hurst says the fund was increased from two to twenty million annually when the ABLP government took office in 2014.
He said the increase was justified based on the CIP revenues at the time.
However, Hurst explains that with a number of players now in the CIP market there is less CIP money to fund the scholarship programme.
“We are having some challenges in securing as much in resources as we once did,” the Chief of Staff told state media.
He told those impacted to continue to be
The Chief of Staff is hoping that before students go off to study they will receive the monies.
“The treasury of Antigua and Barbuda is setting aside even more resources.”
He said last week half a million dollars was delivered to the fund with an equal amount to be delivered this week.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Antigua and abroad!
Contact us at [email protected]