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News
 
Antigua to borrow $20m from Venezuela bank for housing

Tuesday, November 18, 2008

The Antigua and Barbuda government is borrowing $20 million from a Venezuela bank to develop a residential community in North Sound for housing. A motion for the government to borrow this sum from Banco de Desarrollo Economico Social de Venezuela was passed in the Lower House of Parliament. The money will be from a soft loan and $10 million will be paid out now to start construction work and the balance later. Minister of Housing and Social Transformation Hilson Baptiste said that Antiguans had been promised housing for more than 15 years and this is the time for government to assist them.

 
 
 
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