AGP Executive Report

Beaches Turks and Caicos Expansion: Beaches Resorts just unveiled its $150m Treasure Beach Village on Providenciales—101 new suites, a 15,000 sq ft pool, and a full Caribbean street-festival debut with fireworks, celebrities, and a Junkanoo procession. Barbados Tourism Leadership: Barbados appointed businessman Peter Harris as chairman of Barbados Tourism Marketing Inc., aiming to build on a 3.3% rise in 2025 stay-over arrivals and push harder on airlift and new markets. Regional Tourism Push: CTO is rolling out a scholarship for emerging Caribbean women in tourism, launched June 1 during Caribbean Week in New York. Energy Pressure at Home: Barbados Light & Power’s fuel clause adjustment is set to jump again, but Government says hedging and subsidies are cushioning the blow. Markets & Travel Tech: Abaxx is launching Silver Singapore futures May 22, while workcations keep reshaping travel plans and length of stays.

Tourism Push: CTO is rolling out a new scholarship for emerging Caribbean women in tourism, to be unveiled June 1 during Caribbean Week in New York, with proceeds feeding the CTO Foundation. Barbados as Trade Hub: Barbados has been confirmed to host the Caribbean Travel Marketplace in May 2027 (May 18–21), returning the region’s biggest B2B tourism event to the island after 2023. Household Pressure: Barbados Light & Power’s fuel clause adjustment is set to jump again, from 35.8256 to 39.75 cents per kWh—though Energy Minister Kerrie Symmonds says government hedging and subsidy support kept the increase from being worse. Business Watch: ANSA McAL reports a sharp drop in Barbados revenue since 2022 as it streamlines operations. Markets & Tech: Abaxx plans to launch Silver Singapore futures May 22 and is set to begin trading on the Toronto Stock Exchange May 21. Regional Governance: A new report alleges Minnesota officials ignored early fraud warnings in a pandemic meals scheme—an “open secret” that grew into a major scandal.

Women’s Jobs Push: Marsha Caddle is calling for more targeted opportunities for women, pointing to sectors like hair, makeup and fashion design as practical routes to employment—especially as Barbados expands its film industry. Poultry Supply Stability: Fason’s Foods says it’s expanding partnerships with small poultry farmers to steady supply and reduce pressure on prices, after upgrading its processing plant to handle higher volumes. ECCU Strategy Debate: A fresh look at the Eastern Caribbean Currency Union’s “decade of decision” argues tourism recovery hasn’t solved diversification gaps—healthcare still lags. IMF Confidence for Barbados: Barbados has reached a staff-level deal for a US$260m IMF precautionary standby, framed as insurance against shocks while reforms under BERT 2026 shift toward transformation and inclusive growth. Tourism Trade Moves: Barbados will host Caribbean Travel Marketplace again in 2027, and the region is also pushing for fairer booking commission rules as platforms reshape how stays are sold.

Poultry Stability Push: Fason’s Foods says it’s expanding partnerships with small poultry producers across Barbados, aiming to steady supply and give farmers more reliable markets as demand for fresh chicken rises; the company also points to upgraded processing capacity at its Lowlands plant. ECCU Strategy Debate: A fresh OP-ED revisits the Eastern Caribbean Currency Union’s diversification push, arguing tourism has recovered but progress is uneven—especially beyond tourism and into areas like healthcare. Tourism Trade Momentum: Barbados is set to host the Caribbean Travel Marketplace again in 2027, while the region’s push for better air connectivity continues with Jamaica announcing a second CTO Air Connectivity Summit for Feb. 2027. Global Pressure on Households: A UN panel warns energy and trade disruptions are driving up food and transport costs, pushing millions toward poverty. IMF Watch: Barbados has reached a staff-level agreement for a US$260m IMF precautionary standby arrangement, framed as insurance against shocks.

Seamoss Breakthrough: St Vincent and the Grenadines’ Seamoss Association (SMASVG) just showcased dried seamoss and new value-added products at the EU’s 50th anniversary event in Barbados, aiming to break long-standing barriers to re-entering the EU market after more than 20 years of export restrictions. Barbados Tourism Trade: Barbados has been confirmed to host the Caribbean Travel Marketplace again in 2027 (May 18–21), a major boost for the island’s tourism buyers-and-suppliers pipeline after this year’s event went virtual. Regional Energy Pressure: A UN panel warned that rising energy and trade disruption is pushing millions toward poverty, with fuel and transport costs hitting hardest where debt and imported essentials already squeeze households. Barbados Finance Signal: Barbados reached a staff-level IMF precautionary standby deal for about US$260m, framed as “insurance” against shocks while reforms shift toward inclusive growth. Local Industry Milestone: Pine Hill Dairy marks 60 years of service, positioning for further innovation and regional expansion.

CPL Draft Shockwaves: Barbados Tridents land Gudakesh Motie from Guyana Amazon Warriors and reunite him with Sherfane Rutherford, while the Trinbago Knight Riders keep their championship core—setting up a high-stakes CPL that starts Aug 7. Tourism Trade Goes Always-On: Caribbean Travel Marketplace is going virtual via a permanent digital twin, and Barbados is confirmed to host the 2027 edition (May 18–21). Aviation Reliability Watch: Wizz Air touts strong early-2026 operational performance, while Virgin Atlantic marks 30 years flying from Manchester with a new aircraft. Barbados Macro Moves: Barbados reaches an IMF staff-level precautionary standby deal for about US$260m, framed as insurance against shocks. Climate Pressure Builds: Barbados pushes for mandatory methane financing, warning voluntary pledges aren’t enough as global energy and trade disruptions threaten more poverty. Local Business & Markets: Abaxx Technologies eyes a TSX listing May 21 as exchange volumes hit fresh records.

IMF Stabiliser for Barbados: Barbados has secured a staff-level agreement for a US$260m IMF precautionary standby arrangement, with officials stressing it’s insurance against external shocks while the BERT 2026 reform push shifts toward transformation and inclusive growth. Tourism Connectivity Boost: Venezuela’s “Venezuela Hub” chapter in Nueva Esparta was launched to pull in investment, citing 149 weekly flights (including from Barbados) and renewed cruise and tour-operator interest, alongside airport and pier recovery plans. Markets Watch: Abaxx Technologies says its shares will start trading on the Toronto Stock Exchange on May 21, after strong exchange volume milestones. Global Pressure on Living Costs: UN officials warn energy and trade disruption could push tens of millions more toward poverty as fuel and food prices stay elevated. Caribbean Tourism Shift: The region’s hotel bodies are moving from resisting short-term rentals to pushing for a shared regulation framework as Airbnb/Vrbo growth reshapes demand. Climate & Methane Push: Barbados’ climate envoy backs mandatory, legally binding methane financing mechanisms, arguing voluntary pledges aren’t fast enough.

Tariff Shock, Indirect Impact: A U.S. federal trade court has ruled Trump’s 10% “universal” tariff under Section 122 unlawful, but an appeals court paused the lower ruling on May 12—so airfare relief is unlikely right away; the bigger story is how tariffs can still ripple through aircraft parts, maintenance, and airport costs. Caribbean Tourism Stability: Curaçao is being singled out as the region’s most stable year-round tourism market, with a far lower seasonality score than Barbados, which remains heavily winter-peak dependent. Barbados Finance Watch: The IMF and Barbados have reached a staff-level deal for a 36-month precautionary programme worth about US$260m, aimed at supporting reforms under BERT 2026. Climate Push: Barbados’ climate envoy Elizabeth Thompson is calling for mandatory, legally binding methane financing mechanisms as African parliaments meet in Nairobi. Tourism Industry Tension: Regional hoteliers are pushing back against proposed Booking.com commission changes that could shift how taxes and fees are charged. Local Economy Signals: Barbados’ private sector says growth and a stronger fiscal position are helping investor confidence, while global instability, energy prices, and crime remain risks.

IMF Deal for Barbados: The IMF has reached a staff-level agreement with Barbados on a 36-month precautionary programme worth about US$260m, aimed at protecting the economy from external shocks while backing the BERT 2026 reform push toward productivity, fiscal sustainability, financial-market strengthening and climate resilience. Rally Barbados Update: Organisers have announced changes for Rally Barbados 2026, keeping the same energy but with tweaks following a media briefing at Bushy Park Circuit. Tourism Policy Shift: The Caribbean Hotel and Tourism Association is moving to regulate short-term rentals more deliberately, treating Airbnb/Vrbo as a core part of tourism—not a side hustle—so governments can better manage oversight and tax. Fisheries Pressure Points: Barbados fisheries stakeholders met at the Bridgetown Fisheries Complex over fish-market maintenance, security and ice-supply problems, with training and upgrades promised. Wildlife Warning: Jamaica’s runaway-monkey scare is also feeding regional debate, with experts stressing disease and agriculture risks from non-native animals. Markets Watch: Abaxx Exchange hit a new single-day trading volume record of 50,277 contracts.

Short-Term Rentals Go Mainstream: The Caribbean Hotel and Tourism Association has rolled out a Comprehensive Short-Term Rental Framework, urging governments to regulate and integrate Airbnb/Vrbo instead of fighting them—because the sector is now a core part of tourism, not a side hustle. Fisheries Pressure Points: Barbados fisheries stakeholders met at the Bridgetown Fisheries Complex over market maintenance, security, and the ice supply—while the Deputy Prime Minister backed training and continued fish market development. Tourism Dollars Stay Local: Caribbean tourism leaders unveiled a regional logistics and supply-chain push to reduce import dependence and keep more visitor spending circulating in the islands. Barbados Labour & Cost of Living: Barbados’ wage talks are under the microscope again, with calls to move beyond minimum rates and tackle weak productivity and real living costs. Airport Wage Dispute: At Grantley Adams, workers staged a protest over a long-running wage bargaining delay. Fire Safety Upgrade: Barbados commissioned a new 45-metre aerial ladder to restore high-rise firefighting capacity. Tech Sovereignty: A push for locally built AI and data platforms is gaining momentum, warning Barbados risks giving away revenue and control to foreign systems.

Caribbean Food & Tourism Push: CTO Secretary-General Dona Regis-Prosper will keynote Antigua’s 2026 Caribbean Food Forum (May 21), spotlighting regenerative tourism and sustainable food systems as the region tries to turn local agriculture into global visitor pull. School Transport Pressure: Parents in Barbados are struggling as transportation costs surge, turning daily commutes into a budget fight that’s hitting children’s access to education. Productivity & Wages: Barbados finance minister Ryan Straughn says wage talks must move beyond minimum rates, warning weak productivity and the real cost of living are holding the island back. Tourism & Travel Signals: American Airlines is gearing up for its biggest summer ever, a reliability-focused build that matters for Caribbean routes. Local Governance & Safety: Barbados commissioned a new 45-metre aerial ladder for high-rise fire response, while a judge blasted delays in gun cases—calling for fast-tracked High Court timelines. Tech Sovereignty: A Barbados AI push is urging “locally grown” platforms to protect data independence. Heat Watch: Barbados is seeing harsher extreme heat, with vendors and outdoor workers feeling the strain.

Heat Stress at the Beach and Market: Barbados is feeling a sharper kind of heat, with visitors struggling to walk on sand and outdoor workers at places like BARVEN market forced to run stalls with doors open and constant airflow. Labour Tension at Grantley Adams: NUPW workers staged a protest at GAIA, saying management has delayed a proposed 20% wage increase for 2025–2027 and failed to return to bargaining. Faster Justice Push: A High Court judge warned gun cases must move to the High Court within 90 days, calling delays “foolishness” and pointing to slow disclosure. Fire Safety Upgrade: The Barbados Fire Service commissioned a new 45-metre aerial ladder, restoring high-rise firefighting reach. Economic Signals: BPSA says Q1 performance was positive, citing GDP expansion and steady private sector activity. Hurricane Season Prep: Caribbean stakeholders are gearing up for the June 1 start, with forecasts pointing to a less active season due to El Nino.

Airport Wage Standoff: NUPW workers staged a protest at Grantley Adams, saying GAIA Inc. has stalled on a 20% wage increase proposal for nearly five months, with management still not returning to the bargaining table. Gun Justice Push: A High Court judge blasted a two-year delay in a “simple” gun case, insisting similar matters be fast-tracked to the High Court within 90 days to stop firearm violence from “running away.” Fire Safety Upgrade: The Barbados Fire Service commissioned a new 45-metre aerial ladder, restoring high-rise firefighting capacity after years without a functioning unit. Economic Signals: BPSA says Barbados’ first-quarter performance was positive, pointing to GDP expansion and steady private sector activity. Regional Watch: Caribbean governments are gearing up for the 2026 hurricane season, with forecasts suggesting a less active year due to El Nino, but officials remain on high alert. Tax Reform Gains: ECLAC reports tax revenues rose across much of Latin America and the Caribbean in 2024, with Barbados among the biggest improvers.

Workplace Safety: Labour Minister Colin Jordan says Barbados will soon introduce “work at height” regulations under the SHAW Act, with drafts shared with employers and expected to be enacted by September after repeated fatal falls. Local Industry: Pine Hill Dairy is back on shelves after last year’s powdered milk supply squeeze, and the company is also pushing a US$20m plant modernisation with Tetra Pak support. Energy & Finance Watch: Abaxx has set a May 19 webcast for its Q1 2026 results, while the FSC is moving to bring micro-finance and other non-bank lenders under a clearer Barbados framework. Regional Pressure Points: St Vincent’s drought is forcing daytime and nighttime water rationing, and Grenada is leaning into sports tourism with the Pure Grenada Masters Cricket Tournament. Global Culture & Tech: Roku will stream the Enhanced Games across North America starting May 24, with Barbados sprinter Tristan Evelyn among the non-enhanced athletes.

Gulf Shipping Tensions: Iran’s latest moves keep pressure on trade lanes after it seized the Chinese-linked tanker Ocean Koi near the Strait of Hormuz, while the U.S. and allies continue disabling Iranian tankers—peace talks remain shaky. St. Vincent Drought: The CWSA has escalated water rationing across southern St. Vincent to six-hour daytime cuts, on top of nighttime limits, as rainfall stays far below recent norms. Barbados Dairy Supply: Pine Hill Dairy products are back on shelves after last year’s powdered-milk supply crunch forced product rationalisation. Barbados Finance Oversight: The FSC is proposing a new framework to regulate micro-finance and other currently unregulated non-bank lenders, aiming to close gaps in consumer protection and supervision. Local Business & Skills: Liberty Caribbean Foundation and Flow wrapped a five-week digital marketing push for 20 young Barbadians, while UWI Cave Hill’s SciMix links science students to entrepreneurship. Gold Logistics (Guyana): G Mining Ventures bought a 20% interest in wharf and storage at Eccles Port to prioritise equipment handling for its Oko West gold project.

Maritime Security Shock: Peace talks around the Strait of Hormuz are still shaky after Trump rejected Iran’s response to a US proposal, even as US forces disabled Iranian tankers and Iran seized a Chinese-linked vessel—keeping shipping risk and insurance costs front and centre. Barbados Regulation Push: Closer to home, Barbados’ Financial Services Commission is moving to regulate micro-financiers and other unregulated non-bank lenders, aiming to plug gaps in consumer protection and oversight. Local Governance: The Ministry of Transport and Works will close key offices tomorrow for a staff function, including licensing and port branches. Skills & Jobs: Liberty Caribbean Foundation and Flow wrapped a five-week digital marketing course for 20 young Barbadians, while UWI Cave Hill launched SciMix to link science students with entrepreneurship. Maritime Law: Barbados also advanced new legislation to strengthen maritime boundaries and workers’ rights at sea. Culture & Tourism: Barbados Reggae Weekend hit big crowds despite a last-minute artist pullout, with the weekend still drawing major attention.