AGP Executive Report
Last update: 3 hours agoWater and Climate Risk: Saint Lucia is entering the dry season with reservoir levels at record lows. Forecasters expect below-average rainfall and high temperatures over the next three months, raising risks for households, farms and businesses. Growth Outlook: The World Bank projects Saint Lucia’s economy will grow by 1.1% in 2026, below its 2.2% forecast for Latin America and the Caribbean. Business Support: Blue Economy MSMEs in Saint Lucia can seek a final round of OECS matching grants for fisheries, marine tourism and waste-management projects; the call launches October 30. Fuel Costs: Government subsidies are keeping gasoline, diesel, kerosene and some cooking-gas prices unchanged through October 25, cushioning households and businesses from higher import costs. Water Investment: WASCO is advancing a EC$13.2 million upgrade to the Theobalds treatment plant, which serves more than 40,000 customers and is operating at about 40% efficiency. Completion is targeted for December 2027. Food Security: Government is urging greater local production, climate-resilient farming and stronger markets as it presses to improve the island’s capacity to feed itself.
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