AGP Executive Report
Last update: 6 hours agoEnergy Policy: Energy Minister JoBeth Coleby-Davis defended introducing LNG to cut reliance on costlier petroleum fuels, saying the move supports—not abandons—the shift to renewables. BPL outages remain a concern as the government targets 30% renewable electricity by 2030. Poverty: Social Services hosted its first Poverty Reduction Expo, as the minister reported poverty rates of 12.5% on New Providence and 15% in the Family Islands. Public Finances: The government’s announced $39.3 million surplus faces fresh criticism, with opponents arguing that more than $310 million in National Investment Fund spending should count in the fiscal balance. Fuel Costs: With pump prices climbing, the government is exploring relief options; ministers say global oil prices are driving the pressure. Hospital Funding: US Ambassador Herschel Walker declined to say whether a US-backed deal would have advanced the new hospital faster. The government is borrowing $195 million from China to fund most of the project. Security: The Defence Force recovered 40 packages of suspected cocaine on Castle Island after a tip from US partners; the suspected smuggling vessel was not found.
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