Investor Presentaiton

The Debt Management Plan (2005) Antigua and Barbuda began to draft a comprehensive debt strategy in 2005 and was adopted by the Cabinet of Ministers in 2006. ☐ The overarching aim of the strategy was to achieve a debt-to-GDP target of 80.0 % by 2012 and 60.0 % by 2020. The Government also intended to target a debt service burden of no more than 20.0 % of current revenue. □ In order to strengthen debt recording and reporting, liabilities were reconciled with creditors to assess arrears, project debt service requirements, and reconstruct financial documentation. ☐ The restatement of some debt items and debt relief led to a decline in the debt to GDP ratio from 117.0 % in 2005 to 90.0 % at the end of 2008.

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