AGP Executive Report
Last update: 10 hours agoTourism: Barbados will host CHIEF 2026 at Sam Lord’s Castle on November 16–18, with more than 50 speakers focused on practical ways to strengthen Caribbean hospitality businesses. Carnival Corporation also backed the region’s youth tourism congress at SOTIC. Economic Outlook: The IMF says tourism and remittances are supporting regional growth, but high debt, energy costs and limited policy room remain risks; Barbados is forecast to grow 2.2% in 2027. Trade: Export Barbados says less than 1% of the island’s exports go to Africa. Digital services, AI, fintech and pharmaceuticals offer ways to expand trade, but financing, shipping and production hurdles remain. Consumer Costs: The Fair Trading Commission is examining Flow’s planned broadband and bundle increases of up to $10, including how customers were notified and the contractual basis for the changes. Finance: The Protection of Depositors Act 2026 marks a milestone for Barbados’ credit unions, recognising their role in the economy and providing for deposit insurance. Agriculture: Dry, hot conditions are challenging farmers, while officials are urging better crop rotation to limit fungal diseases affecting pumpkins, squash and watermelons.
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