AGP Executive Report
Last update: 6 hours agoCruise Port Deal: St. Vincent and the Grenadines has signed an MoU with Global Ports Holding (GPH) for a 30-year concession to modernise the Kingstown Cruise Port, with phased investment of about EC$225m–EC$250m; Phase One targets up to EC$75m for terminal upgrades, better public/commercial spaces, and stronger shore excursions, while future phases expand berthing, transport and parking. Tourism Expansion: The government also reaffirmed its tourism pipeline with Sandals’ US$45m expansion—22 Rondoval Villas (due Nov 2026), 20 Hillside Sky Suites, and Beaches St. Vincent expected to start in 2028. Trade & Business Enablement: Customs is moving toward paperless trade as the upgraded ASYCUDA system is launched, alongside Vswift’s single-window processing for licences and permits. Blue Economy Funding: OECS invites Blue Economy MSMEs/Value Chain Groups to virtual info sessions for Window 2 matching grants (US$100k–US$150k), focused on fisheries, marine tourism and waste management. Development Finance Debate: PM Godwin Friday urged a global shift away from “one size fits all” lending, calling for the Multidimensional Vulnerability Index to unlock concessional financing for SIDS; UN partners echoed the need to move from isolated projects to connected systems. Institutional Strength: CCJ Judge Denys Barrow told the CDB governors that strong courts and institutions are key to Caribbean development. Local Operations: BRAGSA says it’s extracting volcanic sand from the Roseau River Valley to manage post-La Soufrière runoff and support construction supply, while limiting disruption to nearby communities. Sports Business Link: MAVCOM SVG donated an Epson printer to the SVG Tennis Association to boost tournament operations and youth sports tourism.
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