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CBI Programme Vital to Antigua and Barbuda’s Economic Stability, Says PM Browne

26 April 2025
This content originally appeared on Antigua News Room.
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Regional Leaders

CBI Programme Key to Antigua and Barbuda’s Economic Recovery

Antigua and Barbuda’s economic turnaround has been driven in large part by revenues from the Citizenship by Investment (CBI) programme, Prime Minister Gaston Browne has said.

Addressing a panel discussion, Mr Browne described the CBI initiative as a “life-saver” that helped the country avoid economic collapse in 2013. He said proceeds from the programme had funded critical areas including healthcare, education, infrastructure, and social housing projects like the HAPI programme, which provides free homes to the vulnerable.

The Prime Minister recalled that when his government took office, 90% of the national budget was tied up in salaries, pensions, and debt repayments, leaving little room for investment.

“The CBI programme created the fiscal space we desperately needed,” he said.

Mr Browne urged that the programme be preserved and expanded, saying that despite international scepticism, it remained essential to Antigua and Barbuda’s continued growth.

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