AGP Executive Report
Last update: 5 hours agoCost of Living: Prime Minister Terrance Drew plans to meet supermarket operators and Consumer Affairs officials to examine grocery costs and possible price gouging, with a focus on easing the cost of basic goods. Public Finance: Drew says the Sovereign Wealth and Resilience Fund would save surplus revenue for tougher years. He has also said the government aims to cut CBI’s share of the budget from nearly 70% when he took office to below 20% this year and under 10% in 2027. CBI Outlook: With the EU pressing Eastern Caribbean states over the future of their investment citizenship programmes, opposition figures are calling for more clarity on St. Kitts and Nevis’ position and plans to replace the revenue. Business Opportunities: Licensed medicinal cannabis operators may gain banking services through the St. Kitts-Nevis-Anguilla National Bank, subject to regulatory and account-opening requirements. A new workshop also explored protecting local products, including Nevis mangoes and St. Kitts sarsaparilla, through intellectual property rights. Digital Finance: Eastern Caribbean payment services processed 6.43 million transactions worth $32.2 billion in 2025; electronic transfers surpassed cheques for the first time.
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