AGP Executive Report
Last update: 10 hours agoMonetary Policy: Jamaica’s central bank raised the Bank of Jamaica policy interest rate by 0.5 percentage point to 6%, citing inflation pressures that have stayed above the 4–6% target range for three straight months, with drought-driven food costs and higher petrol/commodity prices among the drivers. Tourism & Airlift: Tourism Minister Edmund Bartlett says Jamaica is in talks with major airline partners to protect and expand airlift as fuel costs, higher fares and Spirit Airlines’ shutdown reshape Caribbean aviation, even as demand remains strong. Regional Food Security: At the Caribbean Week of Agriculture in Trelawny, PM Andrew Holness urged faster, more strategic regulation to unblock agri-investment, while Agriculture Minister Floyd Green called for an action plan to strengthen food security, including blended financing for small farmers and more regional production of inputs. Caribbean Agriculture Finance & Logistics: Green also pushed for overhauling regional agricultural transportation and logistics to move food efficiently and affordably across borders, and CARICOM warned the region’s heavy food import bill is a threat to economic resilience. Governance & Sports: The Jamaica Olympic Association announced a constitutional push to give the diaspora a permanent, formal voice in Olympic administration through non-voting director seats. Diaspora Climate Resilience: Asha Richards’ “connector” work helped secure Montego Bay’s selection for a 24-month climate resilience project with earlier flood warnings for vulnerable communities. Health Workforce: Jamaica welcomed its first cohort of 43 Ghanaian nurses under a four-year bilateral agreement to strengthen the island’s healthcare workforce. Business & Crime (Scam Risk): Justice Minister Delroy Chuck said government is looking at stronger penalties for people who provide “lead sheets” used in lottery scams, linking the proceeds to wider criminal activity.
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