The United States has supported the government of Antigua and Barbuda's effort to expand its economic base and to improve its citizens' standard of living. However, concerns over the lack of adequate regulation of the financial services sector prompted the U.S. Government to issue a financial advisory for Antigua and Barbuda in 1999. The advisory was lifted in 2001, but the U.S. Government continues to monitor the Government of Antigua and Barbuda's regulation of financial services.
The United States also has been active in supporting post-hurricane disaster assistance and rehabilitation through the U.S. Agency for International Development's (USAID) Office of Foreign Disaster Assistance and the Peace Corps. U.S. assistance is primarily channeled through multilateral agencies such as the World Bank and the Caribbean Development Bank (CDB), as well as through the USAID office in Bridgetown, Barbados.
Antigua and Barbuda is strategically situated in the Leeward Islands near maritime transport lanes of major importance to the United States. Antigua has long hosted a U.S. military presence. A former U.S. Navy support facility, turned over to the government of Antigua and Barbuda in 1995, is now being developed as a regional Coast Guard training facility.
Antigua and Barbuda's location close to the U.S. Virgin Islands and Puerto Rico makes it an attractive transshipment point for narcotics traffickers. To address these problems, the United States and Antigua and Barbuda have signed a series of counter-narcotic and counter-crime treaties and agreements, including a maritime law enforcement agreement (1995), subsequently amended to include overflight and order-to-land provisions (1996); a bilateral extradition treaty (1996); and a mutual legal assistance treaty (1996). In addition, Antigua and Barbuda receives counter-narcotics assistance and benefits from U.S. military exercise-related and humanitarian civic assistance construction projects.
In 2005, Antigua and Barbuda had 239,804 stay-over visitors, with nearly 28% of Antigua and Barbuda's visitors coming from the United States. It is estimated that 4,500 Americans reside in the country.