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US Says Launch of Credit Bureau Will Improve Lending in Antigua and Barbuda
The U.S. Department of State says the launch of a regional credit bureau will improve access to loans and strengthen Antigua and Barbuda’s financial system by giving banks and lenders better tools to assess borrowers.
The 2025 Investment Climate Statement, published in September, highlighted the new bureau established by the Eastern Caribbean Central Bank (ECCB) under the Credit Reporting Act of 2024.
The system applies across the Eastern Caribbean Currency Union, including Antigua and Barbuda.
According to the report, the bureau “is a critical step towards strengthening the financial sector,” as it collects, stores and shares credit information to financial institutions.
U.S. officials said the change is expected to expand financial inclusion and give households and businesses better access to credit while reducing defaults.
The ECCB has listed the banking sector as stable, with commercial bank assets in Antigua and Barbuda totaling $2.4 billion at the end of 2024.
But nearly 10 percent of loans were reported as non-performing, underscoring the need for stronger oversight.
The bureau is also tasked with enforcing data protection safeguards for consumers, a key measure intended to build confidence in the system.
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