AGP Executive Report
Last update: 2 hours agoGrowth Outlook: The World Bank projects Saint Lucia’s economy will grow 1.1% in 2026, after an estimated 0.6% contraction in 2025, with high energy and transport costs weighing on tourism-dependent economies. Fuel Costs: Government subsidies keep gasoline, diesel, kerosene and smaller cooking-gas cylinders at current prices through October 25; prices for 100-lb cylinders and bulk LPG still rose. Energy: Geothermal exploration is advancing in Saltibus, Fond St Jacques and Belle Plaine, with road works and well-pad preparation next. Housing Finance: Parliament approved a government guarantee for a US$20 million Development Bank loan to expand housing finance, including support for repairs and renewable-energy upgrades. Business Climate: Saint Lucia’s insolvency officials joined international regulators in Montréal to share practices as the country implements its insolvency framework. Food Production: Government plans to focus World Food Day on boosting local farming and fishing, strengthening markets and reducing food losses.
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