AGP Executive Report
Last update: 3 hours agoGeothermal Energy: Civil works are advancing at Nevis’s Hamilton site ahead of drilling. The rig is ready for deployment, and 12 equipment containers have arrived, but no start date has been set. CBI Uncertainty: With an EU response deadline looming on November 12 and pressure to end regional programmes by 2028, Nevis Premier Mark Brantley warns that losing CBI revenue could mean higher taxes or more borrowing. Prime Minister Terrance Drew says his government has been working to diversify the economy and reduce reliance on the programme. Cost of Living: Drew plans to meet supermarket operators and Consumer Affairs officials to examine grocery prices and possible relief for families. He also says a Sovereign Wealth and Resilience Fund would help save surplus revenue for tougher economic times. Digital Finance: Eastern Caribbean payment services processed 6.43 million transactions worth EC$32.2 billion in 2025; electronic transfers surpassed cheques for the first time. Cannabis Business: Licensed medicinal cannabis operators may gain banking access through the national bank, subject to regulatory and compliance requirements.
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