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AGP Executive Report

Last update: 7 hours ago

Income Tax Overhaul: Dominica will cut personal income tax to a single flat 10% from January 1, 2027, replacing the 15%/25%/35% tiers while keeping the tax-free allowance for people earning EC$30,000 or less. Small-Business Credit Boost: From December, an extra EC$19 million in concessionary lending will flow through the AID Bank to micro, small and medium-sized enterprises at 3.5% interest on a reducing balance, with up to 10-year terms and a six-month grace period. Customs Reform: Starting October 1, government will end “tax on tax” at ports by calculating Excise Tax and VAT on imports using only the CIF value, aiming to lower clearance costs and simplify procedures. Budget Growth Outlook: The IMF projects Dominica’s economy will grow 3.1% in 2026, building on 4.5% growth in 2025. Energy & Tourism Infrastructure: Dominica says geothermal power is now generating electricity from its own resources, while the international airport remains on track for 2028 completion with 400+ Dominicans employed; President Burton also flagged airport fires and contractor vehicle losses as risks to major projects. Agriculture Branding: Government is investing EC$1.5 million to expand beekeeping and develop a national honey brand, alongside plans for an agro-processing facility. CBI Under Pressure: The EU has set a June 1, 2028 deadline for Dominica and four other Caribbean states to phase out citizenship-by-investment schemes or risk losing Schengen visa-free access. Marine & Creative Economy: A Portsmouth marina is planned to grow marine tourism, and a Creative Economy Development Agency is set to be created to coordinate support for artists and cultural workers. Local Business & Health: President Burton urged Dominicans to buy local and cited 1,100+ hypertension diagnoses from 2020–2025, pushing prevention as a national priority.

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.

AGP Wire

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Jul. 30, 2026

Dominica takes chairmanship of ECCB Monetary Council

AGP

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Jul. 22, 2026

ECCB unveils redesigned EC banknotes with national heroes

AGP

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Jun. 10, 2026

Dominica tightens citizenship-by-investment enforcement ahead of 2026 summit

AGP

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Aug. 1, 2026

TTW ranks Mexico No. 1 in 2026 Americas and Caribbean beach list

AGP


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Dominica to establish new initiatives to grow population

Dominica to establish new initiatives to grow population

Dominica targets 100 000 population with New Renewal Initiative

Dominica targets 100 000 population with New Renewal Initiative


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Aug. 5, 2026

Ormat Technologies Reports Second Quarter 2026 Financial Results

GlobeNewswire, Inc.

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Jul. 30, 2026

Commonwealth of Dominica Holds Chairmanship of ECCB Monetary Council

EIN Presswire

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Jul. 29, 2026

Chinese Ambassador to Dominica Chu Maoming Publishes an Article Entitled “How Dominica Will Benefit from the Just and Equitable System For Global AI Governance”

Ministry of Foreign Affairs of the People's Republic of China

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Jul. 22, 2026

Communiqué of the 113th Meeting of the Monetary Council of the Eastern Caribbean Central Bank

EIN Presswire

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Jul. 22, 2026

ECCB Unveils Designs of New EC Banknotes Featuring National Heroes and Regional Icons

EIN Presswire

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Jul. 22, 2026

Asprofin Bank and Digital TRVST Forge Banking-as-a-Service Alliance as Embedded Finance Nears $7 Trillion

GlobeNewswire, Inc.

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