By the Caribbean Journal

The European Union has approved a grant of just under $4 million for a project aimed at strengthening revenue administration and public financial management in Antigua.

The project will be managed by the IMF’s Fiscal Affairs Department, which will provide technical assistance.

The plan should be executed in 30 months, with funds available beginning next month.

The goal of the project is to strengthen and modernize financial institutions in Antigua so that the government can implement a reform programme.

Funding will target several areas of government, including the budget office, the treasury department, the inland revenue department and the customs division.