The Government of Antigua and Barbuda has successfully raised EC$30 million through a treasury bill auction on the Regional Government Securities Market (RGSM), the Ministry of Finance confirmed this week, in a move that underscores investor confidence in the country's fiscal management.
The three-month treasury bills were offered at a competitive yield and attracted bids from regional financial institutions, pension funds, and insurance companies, the ministry said in a statement.
Fiscal Strategy
Finance officials described the successful auction as a key component of the government's debt management and liquidity strategy, enabling the government to meet short-term financing needs while managing the overall cost of public debt. The RGSM — operated by the Eastern Caribbean Securities Exchange (ECSE) — provides a transparent, market-based mechanism for regional government borrowing.
The auction comes amid broad optimism about Antigua's economic trajectory, with the International Monetary Fund projecting GDP growth of 4.8% for 2026, driven by strong tourism revenues and public capital investment.
