AGP Executive Report
Last update: 35 minutes agoEnergy & Cost of Living: Barbados Light & Power says it’s paying about $700,000 monthly to rent temporary generation units, with costs set to jump to about $900,000 after more capacity is added later this year—pushing electricity costs up slightly as demand rises from tourism, commercial growth, air-conditioning and EVs. Tourism Policy: The Caribbean Tourism Organisation launched a “Tourism Supply Side Initiative” to keep more value in the region, boost resilience and strengthen local participation, rolling out new governance and a ministerial committee. Climate & Data: CIMH warns that poor data-sharing across Barbados and the wider Caribbean is limiting climate research and decision-making, calling for urgent access to key datasets. Food Security & Farming: A feed and forage crisis is hitting livestock farmers as pasture fires destroy grazing land and hay prices reportedly double, threatening the sheep industry. Fisheries Preparedness: Barbados tested hurricane readiness by relocating the fishing fleet, aiming to avoid repeat losses after Hurricane Beryl. Finance & Investment: Caribbean Strategic Advisors and PROVEN Wealth Barbados formed a regional investment partnership to channel capital into infrastructure and energy transition projects. Work & AI: The Barbados Workers’ Union raised concerns at the ILO about AI and platform-based work leaving workers exposed without stronger protections. Caribbean Business & Tech: Mastercard says it’s preparing for agentic AI in payments, while Canada announced GAIA Climate Loan Fund funding to support climate adaptation and mitigation in SIDS and LDCs.
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.