AGP Executive Report
Last update: an hour agoCBI at a Crossroads: Saint Lucia is among five Eastern Caribbean countries reportedly facing a November 12 deadline to commit to suspending citizenship-by-investment programmes, amid EU pressure to phase them out by June 2028. The schemes generate significant government revenue, raising concerns about the economic impact of a rapid transition. Renewable Energy: LUCELEC has bought 70 acres in Micoud for a planned 10-megawatt solar farm with battery storage, expected to begin operating in 2028 and offset about 1.2 million gallons of imported fuel a year. Regional Travel Costs: FRS Express des Îles has introduced a temporary fuel surcharge from November 1: €5 one-way or €10 return on international ferry trips, including routes serving Saint Lucia. Tourism Readiness: Soufriere stakeholders are coordinating traffic, pedestrian access and security ahead of the 2026–27 cruise season, aiming to support local businesses while managing more visitors. Investment Interest: U.S.-based clients accounted for 25% of consultations about Saint Lucia’s citizenship programme at one advisory firm, the highest share among the five Eastern Caribbean programmes surveyed.
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