AGP Executive Report
Last update: 2 hours agoCBI Shock to Europe: The EU has asked St. Kitts and Nevis (with four other Eastern Caribbean states) to phase out citizenship-by-investment by June 1, 2028, warning that visa-free access could be suspended under the revised Visa Suspension Mechanism—prompting calls for a longer transition. Local Pushback on Timing: Nevis Premier Mark Brantley argues the region needs a five-year runway, not two, to replace CBI revenue without triggering an “existential threat” to small economies. Regional Finance Reality Check: Caribbean Export Development Agency’s Dr. Damie Sinanan says MSMEs across the region struggle with access to affordable, patient capital—due to scale and high due-diligence costs. Nevis Energy Milestone: Nevis geothermal is back on track, with drilling rig mobilisation expected shortly after delays were resolved; the project targets a 30MW plant and affordable electricity. Tourism Boost: St. Kitts welcomed Allure of the Seas to Port Zante with 6,702 passengers, a high-impact day for local vendors and attractions. Governance & Business Rules: The National Assembly order paper sets first readings for banking, payment systems, and liquor licence amendments, alongside an extradition amendment second reading. Court Clears Restraint: The High Court discharged a restraint order against Gregory Gilpin-Payne and three companies and ordered the DPP to pay costs. Household Finance Reminder: Property tax payments are due by July 31, with interest and penalties not yet applied.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.