AGP Executive Report
Last update: 6 hours agoPharmaceutical Manufacturing: Barbados, Nigeria and Afreximbank have advanced a proposed $32 million IV-fluids plant, with capacity for 12 million units a year. Production is targeted for 2029, subject to financing, approvals and construction. Climate Finance: As COP31 begins, the Caribbean Development Bank is pressing for easier access to resilience funding on terms that reflect small states’ vulnerability. Energy Costs: A new “60 and 5 Utility Drive” aims to help Barbadians manage rising electricity bills, with a separate effort focused on household fire safety. Cannabis Industry: Barbados plans a major tissue-culture lab and national seed bank, but the sector’s regulator says licensing costs remain a barrier for small farmers. Tourism: With Canadian airlines suspending Cuba flights, travel agents say visitors are spreading winter bookings across destinations including Barbados. The island’s Food and Rum Festival is also showcasing local and regional culinary talent.
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