KINGSTON, Jamaica - In its publication on remittances released last month, the World Bank said Antigua & Barbuda has regained its status as a high income economy, leaving the majority of regional developing states behind.
The reversal comes after the island of 89,070 residents finalised an International Monetary Fund programme.
Alessandro Legrottaglie, the World Bank's senior country officer for Antigua, who also has responsibility for the OECS, said Wednesday that Antigua moved into the 'high income' category on July 1, 2013.
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