AGP Executive Report
Last update: 8 hours agoCost of Living: Prime Minister Terrance Drew plans to meet supermarket operators and Consumer Affairs officials to review grocery costs and address price-gouging concerns. He is seeking practical steps to lower prices on essentials. Fiscal Planning: Drew says the proposed Sovereign Wealth and Resilience Fund would save and invest surplus revenues to help cushion households and public services during tougher years. CBI Under Pressure: St. Kitts and Nevis faces a November 12 deadline to communicate its position to the EU, which wants Eastern Caribbean programmes phased out by June 2028. Nevis Premier Mark Brantley warns that losing CBI revenue could mean higher taxes or more borrowing; Drew says his government is working to diversify the economy. Business Finance: Licensed medicinal cannabis operators may gain banking access through the National Bank if they meet regulatory and compliance requirements. Market Opportunities: A national workshop explored protecting products such as Nevis mangoes and St. Kitts sarsaparilla with intellectual property protections. Digital Payments: Eastern Caribbean payment systems processed EC$32.2 billion in 2025, with electronic transfers surpassing cheques for the first time.
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