AGP Executive Report
Last update: 2 hours agoMedicinal cannabis finance: Saint Kitts and Nevis has brought in former SVG Agriculture Minister Saboto Caesar to help restart its stalled medicinal cannabis sector, with a focus on building a banking and compliance framework and unveiling its track-and-trace system to financial institutions. Agro-processing boost: India handed over a US$1m packaging and processing facility at Langley Park for leafy vegetables and root crops, alongside upgrades to La Croix and Lauders, aimed at stronger food security and higher value addition. Livestock for farmers: SVG has begun distributing livestock to farmers under the UBEC Emergency Response for Livestock project, with 10 farmers benefiting at Rabacca Livestock Station. Food security via schools: The Zero Hunger Trust Fund launched an EU-funded regional initiative using 10 schools in SVG and other islands to improve nutrition, sustainable food systems, and climate resilience. Fisheries HQ rehab: Government is rehabilitating the Fisheries Division Headquarters at Kingstown Fish Market, including roof ventilation tower repairs and mould remediation, at an estimated EC$580,000 over about six weeks. Regional trade capacity: OECS Commission extended the deadline for Window 2 of its regional MSME matching grants programme to July 24, supporting Blue Economy value chain groups. Public health ties with India: SVG and India signed an MoU to advance pharmaceutical standards and support access to affordable generic medicines. Credit rating fallout: Moody’s downgraded SVG to Caa1 with a negative outlook, with local officials pointing to liquidity pressures and debt burdens. Humanitarian delivery: SVG joined CARICOM’s shipment of 88 containers of earthquake relief to Venezuela, including food, medicines, construction materials, debris-removal gear, and water tanks.
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