Antigua - Expropriation's Shadow Grows

Whilst Harold Lovell selectively purports that all is well with Antigua's investment rankings with the Paris Club, and the Government now seeks to launch fresh sovereign bonds, the reality of an international backlash gathers at an increasing pace.

The Euromoney country risk ranking of Antigua at the bottom of its list, well below all other Caribbean nations, with only Equatorial Guinea, Burundi and Eritrea listed still lower, should not and cannot be ignored. It speaks loudly to a climate of governance which eschews international standards of reason and decency.

Another American Congressman has now raised his voice against Antigua's response to foreign direct investment. On Wednesday, 6th July 2011 US Congressman Michael Coffman placed on the Congressional Record his reminder to The U.S. House of Representatives that Antigua continues to stonewall its obligation to compensate the American owners of the Half Moon Bay Resort for the expropriation of their property, in total disregard of international treaties and its own laws and Constitution.

The CONGRESSIONAL RECORD...