Power to the People

In the second term, the UPP will propel a quantum leap to economic democracy by divesting to the broad masses of Antiguans & Barbudans, those activities of the state that are best operated as private sector entities.

The Antiguan and Barbudan people will have the opportunity to share in the ownership of important, productive, profitable enterprises; and to derive income from such enterprises.

The UPP Administration will create a number of Public Companies, from which government will divest its ownership of certain key and potentially very profitable State Corporations.

The entities earmarked for divestment to the people to foster broad-based ownership of national assets are:

• The Antigua and Barbuda Airport Authority
• The Antigua and Barbuda Port Authority
• The State Insurance Corporation
• The Electricity Department of the APUA, and
• The Telecoms Department of the APUA
• The UPP Government will divest a portion of its 25% equity holding in the Eastern Caribbean Amalgamated
• Financial Company Limited (Bank of Antigua)
• West Indies Oil Company:
  The Government is now in negotiations to acquire the West Indies Oil Company with the intention of divesting all equity in that company to the Antiguan and Barbudan people