AGP Executive Report
Last update: 10 hours agoCruise Port Deal: Global Ports Holding (GPH) has signed an MoU with the Government of St. Vincent and the Grenadines to enter exclusive talks on a 30-year concession to manage and develop the Kingstown Cruise Port, with phased investment up to EC$250m and a goal to modernise berths and attract larger ships. Debt & Growth Strategy: Finance and Investments Ambassador Kevin Hope told the Development Partners Roundtable that SVG must restore fiscal discipline while pursuing private-sector-led growth, warning debt and deficits remain unsustainable amid repeated shocks. Poverty Reduction Focus: At the same forum, Hope said debt servicing consumes 36 cents of every tax dollar, with poverty reduction targeted as the top priority. Development Partners Shift: UN Resident Coordinator Simon Springett urged partners to move from isolated projects to connected systems, shifting from response to prevention. Clean Energy & Resilience: PM Friday reaffirmed plans to expand renewable energy, while GEF approved a US$6.1m watershed project to restore ecosystems and support farmers in SVG’s south corridor. Agriculture Accountability: IICA held its 2025 accountability seminar in Kingstown, highlighting work on agribusiness support, food safety, and resilience against animal diseases. Blue Economy Funding: OECS invited Blue Economy MSMEs to virtual sessions for Window 2 matching grants, and CRFM is ramping clean energy interventions in fisheries via the STAR-Fish project. Tourism Media Partnership: CTO and TEMPO Networks announced a renewed partnership to boost Caribbean tourism storytelling through digital and broadcast coverage. Sports & Business Support: MAVCOM SVG donated a printer to the Tennis Association, while SVG Netball Association set its June 22 virtual AGM. Regional Finance Leadership: Eastern Caribbean Securities Exchange appointed Stewart Haynes as CEO effective 1 June 2026.
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