AGP Executive Report
Last update: 6 hours agoCost-of-Living Relief: Prime Minister Godwin Friday rolled out a 90-day emergency package to cushion imported inflation, including fuel and electricity measures, freight reforms, and steps to slow food-price pressure. Fuel & Cooking Gas Cuts: Government removed customs service charges on LPG (100% for 90 days) and is also cutting charges on diesel used for electricity generation, aiming to stabilize household bills. Debt & Fiscal Repair: Friday said SVG’s debt-to-GDP is now 113% (projected 145% by 2031) and disclosed a $200m bank overdraft beyond the statutory limit, alongside promised corrective action. Food Security Planning: SVG advanced its Food Security Crisis Response Plan to move from repeated emergency recovery to proactive monitoring and preparedness. Trade Modernization: VSWIFT (Vincy Single Window for Trade) is being rolled out to let businesses handle licenses and permits through one connected electronic system, improving speed and transparency. Blue Economy & Marine Investment: A local entrepreneur pursued partnerships at the Miami Boat Show to grow marine services and dockage-related opportunities. Regional MSME Funding: OECS launched a second call for Window 2 of its Regional MSME Matching Grants Programme for fisheries, coastal tourism and waste management value-chain groups. Tourism & Skills Pipeline: Sandals hosted a hospitality training programme for TVET students, while SVG’s tourism momentum debate continues amid broader regional engagement. Diplomacy for Business Links: SVG marked 34 years of ties with Cuba and welcomed a new ambassador to Taiwan, with renewed focus on cooperation in smart agriculture and sustainable tourism.
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