AGP Executive Report
Last update: 9 hours agoECCB & EC Dollar: Dominica will host the 113th ECCB Monetary Council on July 9, where Governor Timothy N.J. Antoine presents the report on ECCU monetary, credit and financial conditions, alongside updates on the CAPSS pilot and fast payment system under the “Big Push” agenda. Currency Milestone: The ECCB also marked 50 years of the EC dollar’s fixed exchange rate to the US dollar (EC$2.70 = US$1), tying the stability to low inflation and investor confidence while looking ahead to transformation. CBI Shockwaves: EU letters urge OECS states to phase out Citizenship by Investment by June 1/2028, with warnings that visa-free access to Europe could be suspended; Nevis Premier Mark Brantley called it an existential threat and urged economic diversification beyond CBI. Dominica Finance Leadership: Finance Minister Dr. Irving McIntyre will assume ECCB Monetary Council chairmanship, with officials noting no new taxes ahead of Dominica’s budget later this month. Agriculture Resilience: Dominica’s Agriculture Ministry ran pre- and post-disaster damage assessment training funded by CDB’s CARE programme (EU-backed) to strengthen recovery planning. Tourism & Community: Discover Dominica Authority launched Staycation 2026, while the World Creole Music Festival countdown begins July 11 with the official lineup reveal; NCCU backed community projects in Morne Jaune–Rivière Cyrique. Regional Diplomacy: CARICOM leaders offered to mediate between the US and Cuba after renewed US pressure, citing humanitarian impacts.
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