AGP Executive Report
Last update: 2 hours agoExport Leadership: Export Saint Lucia CEO Sunita Daniel has been elected chair of Caribbean Export, giving Saint Lucia a stronger voice in regional trade and investment efforts. U.S.–Caribbean Ties: At talks led by Prime Minister Philip J. Pierre, the region sought practical gains in jobs, investment and affordable energy. The U.S. announced a US$340.3 million regional package for connectivity, health and security; the funding is not specific to Saint Lucia. Economic Outlook: The IMF says tourism and other tailwinds are supporting regional growth, but high public debt and subdued medium-term prospects remain concerns. Food Costs: Saint Lucia’s food import bill rose to an estimated EC$564 million in 2024, up from EC$544 million the year before, underscoring the economic case for stronger local production. Tourism: A new underwater sculpture park near Anse La Verdure is expected to open in November, adding another attraction for divers.
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