AGP Executive Report
Last update: an hour agoClimate Finance Pipeline: The Caribbean Climate-Smart Accelerator says US$17.574bn in national and regional climate project opportunities was identified at the 2026 Climate Smart Summit in Barbados, alongside US$12.685bn in development finance and US$11.5m in entrepreneur ventures, with an 18-month push to turn proposals into bankable projects. Regional Digital Cooperation: UWI and the Caribbean Telecommunications Union signed an MoU to strengthen digital policy, regulation, research, capacity building and implementation of regional digital strategies. Cost of Living Pressure (LPG): Barbados consumers are reacting to new LPG prices effective Sunday, with the 100 lb cylinder rising to $182.81 (from $166.39) and smaller cylinders also up, adding strain during Crop Over and school holidays. Sugar Sector Restructuring: Barbados’ BESCO will sever 10 employees after the 2026 sugar harvest, citing sustained operational and financial pressures and the need to align staffing costs with commercial realities. CARICOM Governance Tension: Trinidad and Tobago is urging the Caribbean Court of Justice to intervene in its dispute over CARICOM Secretary-General Carla Barnett’s reappointment, arguing the process was unlawful. Ocean Re Leadership: Barbados-headquartered reinsurer Ocean International Reinsurance promoted Diego Cervantes-Knox to Group CEO effective July 2, 2026. Tourism & Travel Signals: St Kitts is set to become a turnaround port for P&O Cruises’ Iona from Nov 15, 2027, while Holland America announced its 2027–28 Caribbean season with longer itineraries and more port time.
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