AGP Executive Report
Last update: 3 hours agoCruise Port: St. Vincent and the Grenadines has signed a 30-year agreement with Global Ports Holding to develop and operate Kingstown’s cruise port, with operations expected to begin in early 2027. The government retains ownership; planned investments include at least US$80 million across two phases, with officials promising wider benefits for local businesses. Public Finances: Prime Minister Godwin Friday warned that public debt, already 113% of GDP in 2025, could reach 140% by 2030 without corrective action. He cited a 12% fiscal deficit and EC$178 million in unpaid bills. Crime: The government has established a National Crime Reduction Task Force, bringing security, law enforcement and justice agencies together as violent crime rises. Social Support: Friday says NIS pensions will increase in January for 7,375 recipients, with minimum pensions rising 25%. He also plans to bring a Social Protection Bill to Parliament to strengthen assistance for vulnerable households.
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