AGP Executive Report
Last update: an hour agoCompanies Amendment Bill & Private Sector Push: Prime Minister Godwin Friday says the passed Companies Amendment Bill is meant to create an enabling environment for private sector growth and investment, while Senator Chelsea Alexander welcomed the reforms as more business-friendly. Chatham Bay Sale Fallout: The government insists the Chatham Bay land sale (100 acres) is conservation-linked and includes a two-year option to repurchase at the same price; NDP backs the deal as debt relief, while opposition warns it could trigger international scrutiny and reputational damage. Fiscal Pressure & Deficit Update: SVG’s mid-year central government deficit narrowed to EC$57.78m (Apr–Jul 2026) from EC$125.23m, helped by EC$52.7m from the Chatham Bay transaction, even as current revenue fell 10.6%. Cost-of-Living Relief Extended: Cabinet approved a 90-day extension of the economic relief package, keeping major fuel tax reductions and electricity support. Aviation Liability: Tourism Minister Kishore Shallow told Parliament SVG owes JetBlue over EC$10m under an agreement from the previous administration. Digital Health Security: SVG became the first OECS member to adopt the regional digital health warning system (RIEWSS), with training and port surveillance upgrades ahead of major gatherings. Blue Economy Investment: EU-funded EC$3.2m Bequia fish market rebuild launched, backed by a local contractor, targeting completion by mid-2027. Agriculture Skills Boost: FAO began coconut training at Orange Hill to modernize production and management, with additional value-chain sessions for soursop, coconut and passion fruit. Business Support Roadmap: CED unveiled a five-year strategic plan to strengthen services for entrepreneurs and align programmes with private sector needs.
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