AGP Executive Report
Last update: an hour agoECCB & Currency Stability: ECCB Governor Timothy N.J. Antoine will present the ECCU’s Monetary, Credit and Financial Conditions report at the 113th Monetary Council meeting in Dominica on 9 July, with focus on “The Big Push Agenda” (human capital, food security, energy resilience, digital transformation, financial inclusion, tourism, and trade logistics) plus updates on CAPSS and the Fast Payment System. EC Dollar 50-Year Milestone: The ECCB is marking 50 years since the EC dollar’s fixed peg to the US dollar was set at EC$2.70 = US$1.00, crediting the long-standing stability for low inflation, investor confidence, and predictable trade conditions. Nevis Airport Expansion: Nevis has broken ground on the multi-million-dollar Vance W. Amory International Airport expansion, including a 2,000-foot runway extension, new terminal and customs facilities, a fuel farm, and upgrades aimed at boosting air traffic and tourism; completion is expected in about 18 months. Anguilla Tourism Momentum: New data from the Caribbean Tourism Organization points to Anguilla as the fastest-growing destination in the region for Q1 2026, up 24.6% in stayover visitors, supported by luxury demand and improved connectivity. Air Connectivity for Anguilla: Trans Anguilla Airways says it has reached a major milestone with GDS integration, improving visibility and access for travellers across the Eastern Caribbean. Regional Tourism Strategy: OECS is pushing community-based tourism as a growth engine, running a CBT capacity-building workshop in Saint Lucia to help member states turn local communities into primary beneficiaries of tourism revenues. Travel Trade Payments Modernised: Rocco Forte Hotels is partnering with Sion to speed up travel advisor commission payments (24–48 hours after processing) and reduce delays. Business & Innovation: BRDRS, an Anguilla-linked travel app, is expanding beyond Phase 1 markets and plans broader rollout later this year, offering destination guidance plus tools like a virtual wallet and eSIM support.
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