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Antigua and Barbuda

7. State-Owned Enterprises

State-owned enterprises (SOEs) in Antigua and Barbuda are governed by their respective legislation and do not generally pose a threat to investors, as they are not designed for competition. However many are established in the context of creating economic activity in areas where the private sector is perceived to have very little interest. A List of SOEs can be found at: http://ab.gov.ag/detail_page.php?page=1 .

SOEs are headed by Boards of Directors to which Senior Management reports. In 2016, the Parliament passed the Statutory Corporations (General Provisions) Bill, which specifies the Ministerial responsibilities in the appointment and termination of board members, decisions of the Board and employment in these SOEs. Independent professional associations, non-governmental organizations and civil society may nominate directors for respective boards. This is an attempt to ensure diversity and independence on the corporate boards of SOEs.

Privatization Program

Antigua and Barbuda does not currently have a targeted privatization program.

Investment Climate Statements
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U.S. Department of State

The Lessons of 1989: Freedom and Our Future