Tuesday, December 30, 2008

Antigua & Barbuda seeks $30 million allowance to suffer pecuniary crisis Income.

ST JOHN'S, Antigua - Antigua and Barbuda is seeking a $30 million credit from the Caribbean Development Bank to endure the universal economic crisis. Government spokesman Winston Henry says officials are finalizing plans to hypothecate the funds for infrastructure event and burglary creation. The domination will also gradient up unemployment benefits for those in the ailing tourism industry, which has ooze ruthlessly 200 jobs in latest weeks. Henry said Monday that Prime Minister Baldwin Spencer could fleetingly check income encumbrance payments for struggling islanders.



Income pressure nets the government up to $22 million annually. The twin-island power already was battling to manage inflation before the productive downturn.

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