分类: business

  • Pregnant Brazilian cows on scheduled journey to Ebini research station

    Pregnant Brazilian cows on scheduled journey to Ebini research station

    As of Monday, July 13 2026, 300 pregnant Brazilian dairy and beef heifers continued their overland and river crossing journey to Guyana’s Ebini Livestock Research Station in East Berbice, facing only minor scheduling delays that have not derailed the national agricultural initiative, according to senior leadership of the Guyana Livestock Development Authority (GLDA).

    Dr. Dwight Walrond, GLDA’s Chief Executive Officer, confirmed in an interview with Demerara Waves Online News that a portion of the imported cattle had already arrived at the research facility by midday Monday, with the remaining head expected to reach the destination by 2:00 PM local time. He clarified that the shipment aligned with its overall projected timeline, with the only unplanned hold being an overnight delay at the Berbice River crossing, where low tide created operational challenges for the pontoon ferry carrying the trucked cattle.

    Citing safety for both the animals and transport staff, Dr. Walrond explained that GLDA officials made the proactive decision to postpone the river crossing until daylight on Monday, rather than attempting to navigate the risky nighttime crossing. A second minor delay of approximately one hour also occurred at the Kurupukari crossing on the Essequibo River, as the operation adjusted schedules to accommodate all cattle shipments.

    While Dr. Walrond confirmed reports of some mortalities during transit, he noted that the total number of lost cattle and unborn calves could not be immediately confirmed, and the exact cause of death will only be determined following official post-mortem examinations.

    The shipment has drawn scrutiny from opposition Members of Parliament belonging to the APNU alliance, who visited the Berbice River crossing site to observe the operation. Parliamentarians Sherod Duncan, Saiku Andrews, and Dr. Terrence Campbell released observations that many of the heifers appeared undernourished, fatigued, and severely stressed by the long journey. Dr. Campbell emphasized that the multi-day overland trip is already physically draining for healthy, non-pregnant cattle, posing far greater risk to pregnant heifers. Andrews added that the conditions on site suggested insufficient pre-transport preparation, raising unaddressed questions about whether the cattle are actually destined for the Ebini research station as officially stated.

    In response to these concerns, Dr. Walrond outlined the comprehensive care protocols GLDA has implemented throughout the journey, which begins in northern Brazil and travels over the Lethem-Linden trail to Ebini. Every four to six hours, transport stops are scheduled to provide the heifers with fresh water, feed, electrolyte supplements, and veterinary care as needed. A dedicated GLDA escort team, including two livestock production specialists, a licensed veterinarian, and a veterinary technician, accompanied the entire shipment, carrying emergency medical kits, rehydration supplies, and other critical resources. Vehicles were also intentionally not loaded to full capacity, giving each animal enough space to move and rest during transit, eliminating the need to unload cattle for feeding during scheduled stops.

    The current movement of 300 heifers is part of a larger government import initiative: Guyana’s administration is purchasing a total of 1,000 pregnant heifers from Brazil for a total cost of 245 million Guyanese dollars, with the core goal of expanding domestic beef and dairy production. “This investment reflects the Government’s continued commitment to building a modern and resilient livestock industry,” Dr. Walrond said of the program. “By expanding the national herd with quality breeding animals, the initiative will support increased livestock production, improve income and market opportunities for local smallholder and commercial farmers, reduce Guyana’s longstanding dependence on imported breeding stock, and directly contribute to advancing the country’s national food security objectives.”

  • Blu Terrenas launches first phase and breaks ground on Hilton resort in Samaná

    Blu Terrenas launches first phase and breaks ground on Hilton resort in Samaná

    The Samaná peninsula in the Dominican Republic has reached a transformative turning point for its tourism and real estate sectors, as developer Blu Terrenas has formally opened the first phase of its ambitious mixed-use master development and launched construction on the highly anticipated Almare Beach Resort Las Terrenas, Curio Collection by Hilton.

    This dual milestone signals the start of a project that is projected to reshape the region’s economic profile while prioritizing environmental stewardship. Enzo Odoguardi, chief executive officer of the Mirage Group — the parent firm behind the large-scale development — emphasized that the entire project is conceptualized as a purpose-built sustainable tropical city. It is designed to deliver broad-based long-term economic growth to the region, balancing cutting-edge modern urban infrastructure with proactive protection and preservation of the area’s unique natural ecosystems.

    Covering a sprawling footprint of more than 3 million square meters, the full build-out of Blu Terrenas will pack an extraordinarily diverse range of residential, commercial, leisure and public amenities into the development. Future residents and visitors will have access to 2,375 residential units ranging from apartments to private villas, multiple internationally branded hotels, a full-service regional shopping center, a curated lineup of themed dining destinations, a European-inspired French promenade, a classic Italian public piazza, an exclusive beach club, a 1.7-kilometer navigable inland waterway, a large protected ecological park, an open-air amphitheater for cultural events, a modern convention center for business gatherings, and a wide range of dedicated wellness and recreational facilities.

    Beyond its physical infrastructure, the development is built around a core commitment to supporting local communities. Project analysts estimate that the full build-out and ongoing operation of Blu Terrenas will generate more than 2,500 direct and indirect jobs for local residents. To ensure local workers can access these new employment opportunities, the development will also include a specialized tourism industry training academy, targeted youth skills development programs, and a suite of additional community-focused social initiatives designed to lift up regional livelihoods.

    Alongside the completion of the first phase of the broader mixed-use development, construction has officially commenced on the Almare Beach Resort Las Terrenas, which will operate under Hilton’s upscale Curio Collection brand. The 226-key beachfront resort is currently on track to welcome its first guests in 2028, and will feature a host of premium amenities including four distinct swimming pools, a full-service luxury spa, a state-of-the-art fitness center, outdoor paddle courts, a private resort beach club, and multiple chef-led dining venues. The new resort will mark a major expansion of Hilton’s luxury hospitality footprint across the Dominican Republic, cementing the country’s position as a top Caribbean tourist destination for international travelers.

  • Dominican Republic promotes free zones during U.S. trade and investment roadshow

    Dominican Republic promotes free zones during U.S. trade and investment roadshow

    A cross-country investment promotion initiative led by the Dominican Republic’s Embassy in the United States, in partnership with ProDominicana, Banco Popular Dominicano, and a coalition of public and private sector entities, has successfully wrapped up the DR Trade & Investment Road Show 2026. This three-city outreach mission was designed from the ground up to drive new U.S. capital inflows into the Dominican Republic’s fast-growing industrial parks and free trade zones, aligning with the country’s broader economic development goals.

    Running from July 7 to 10, the roadshow traveled to three strategic U.S. economic hubs: Houston, Texas; Columbus, Ohio; and Raleigh, North Carolina. The event drew more than 110 attendees, consisting primarily of C-suite executives and senior business leaders from leading U.S. companies spanning high-growth sectors that the Dominican Republic has prioritized for expansion. These sectors include advanced technology, manufacturing, energy production, healthcare, supply chain logistics, aerospace engineering, and financial services.

    Notable corporate participants in the roadshow included global industry giants such as Google, Lenovo, Lockheed Martin, First Solar, Cheniere Energy, Excelerate Energy, and Sempra. Leading U.S. financial institutions also joined the initiative, with representatives from PNC Bank, KeyCorp, and Fifth Third Bank in attendance to explore potential collaborative opportunities in the Dominican market.

    During the event, the official Dominican delegation laid out a detailed overview of untapped investment opportunities across the country’s top industrial and free trade zones. Key sites highlighted included the Las Américas Industrial Park, Punta Cana Industrial Park, Santiago Industrial Park, Nigua Industrial Park, Savanna Industrial Park, and the Itabo Industrial Park (PIISA), each offering unique geographic, regulatory, and infrastructure advantages for foreign investors.

    The initiative also received formal support from state and local government officials across the three host U.S. states. These public sector representatives participated in roundtable discussions and bilateral meetings, laying a solid foundation for future cross-border cooperation agreements, reciprocal trade missions, and structured business referral programs that will connect U.S. firms with Dominican commercial partners long after the roadshow concluded.

    More broadly, the 2026 DR Trade & Investment Roadshow is a core component of the Dominican government’s long-term economic strategy. By actively courting foreign direct investment, the country aims to strengthen its already robust free trade zone sector, expand co-production capacity under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR), help diversify regional supply chains that have faced persistent disruption in recent years, and solidify its position as a cost-competitive, strategically located manufacturing hub serving the large U.S. market.

  • Grenada Airports Authority appoints Dellison Charles as General Manager

    Grenada Airports Authority appoints Dellison Charles as General Manager

    The Grenada Airports Authority (GAA) has made a key leadership announcement, confirming that seasoned industry executive Dellison Charles will take up the post of General Manager when his appointment goes into effect on July 13, 2026. Bringing with him more than 15 years of top-tier leadership experience spanning aviation, logistics and customer service across the Caribbean and Latin American regions, Charles has built a reputation as a strategic, results-focused leader capable of driving meaningful change. Over the course of his career, he has built a distinguished track record centered on refining operational performance, forging durable, productive relationships with diverse stakeholders, and steering large-scale organizational transformation projects. Before joining GAA, Charles held senior leadership roles at three major regional industry players: FedEx Express, Copa Airlines, and the eZone Group. In these positions, he successfully led cross-functional teams of varied backgrounds and skill sets, rolling out a series of targeted initiatives that boosted operational efficiency, lifted overall customer satisfaction, deepened employee engagement across teams, and delivered consistent, long-term growth in business performance. As the new General Manager, Charles will be responsible for setting the strategic direction for all airport operations, advancing GAA’s core business objectives, and spearheading long-term growth projects that position the authority for future success. His deep pre-existing expertise in airport operational management, regulatory compliance, workforce development, and operational excellence makes him uniquely suited to guide the organization through its next phase of evolution and strengthen its role serving the broader Caribbean region. Shonda Cadore, Chair of the GAA Board of Directors, shared the board’s optimism around the appointment in an official statement. “We are delighted to welcome Mr Charles as our new General Manager,” Cadore said. “We are confident that his forward-thinking vision and deep industry expertise will help us advance our key strategic priorities, while we continue to deliver safe, efficient, and exceptional service to our passengers, industry partners, and the local community.” The GAA also took the opportunity to publicly recognize the contributions of Kurt Williams, who stepped in to serve as Acting General Manager throughout the leadership transition process. The authority highlighted Williams’ steady leadership and unwavering commitment during this interim period, which ensured no disruption to daily airport operations and allowed key organizational initiatives to continue moving forward on schedule. GAA closed its announcement by inviting industry stakeholders, community partners, and employees to join in welcoming Charles to the organization and offering their support as he prepares to begin this new leadership role. Disclaimer: NOW Grenada holds no responsibility for opinions, statements, or third-party contributor content. To report potential abusive content, follow the designated reporting link provided on the platform.

  • Dominica Poker Run 2026 expands into two-day marine tourism weekend

    Dominica Poker Run 2026 expands into two-day marine tourism weekend

    Organizers of the highly anticipated Dominica Poker Run 2026 have announced a transformative update to the annual event, rolling out an expanded two-day format crafted to drive growth in marine tourism, recreational activity, and local economic development across the Caribbean island.

    Previously a single-day gathering, the 2026 Poker Run will kick off with an all-new inaugural Sport Fishing Tournament on Saturday, July 25, ahead of the traditional Poker Run scheduled for Sunday, July 26. The combined programming creates a full weekend of coastal and maritime activities designed to appeal to both local boating communities and international visitors.

    Andrew “Cobra” O’Brien, a lead organizer of the event, explained that the format expansion centers on a simple but impactful goal: encouraging guests to extend their stays in Dominica and explore the full range of experiences the island has to offer.

    “When visitors travel to Dominica now, they don’t just come for one day of the Poker Run – they come for a full weekend of activities that can be tailored to their interests,” O’Brien said. “Extended stays mean more spending at local hotels, Airbnb properties, retail centers, and restaurants, and give guests the chance to travel across the island and experience all that makes Dominica unique.”

    O’Brien emphasized that the new sport fishing tournament is structured to complement, not replace, the beloved original Poker Run event, which remains the centerpiece of the weekend. “The fishing tournament is a brainchild of the Poker Run community, and it comes with a range of extra perks for people already registered to participate in the Poker Run,” he added.

    Staying true to its traditional roots, the 2026 Dominica Poker Run will remain a casual recreational boating gathering, not a competitive speed race. Participants will cruise in groups along Dominica’s scenic west coast, stopping at pre-marked checkpoints to collect a single playing card at each stop. At every stop, participants privately show their drawn card to event officials for recording, and after all checkpoints have been visited, the team holding the strongest five-card poker hand is named the event’s winner.

    Jael Joseph, marketing lead for the event, framed the Poker Run as a laid-back, social coastal experience. “This isn’t a high-stakes, high-pressure competition – it’s a lime, a casual day out on the water,” Joseph explained. “We cruise along the sea trail, stop at each spot to pull a card, keep cards hidden from other teams to keep the game fair, and tally up the results at the end to crown the winning team. It’s all about enjoying time on the water with fellow boating enthusiasts.”

    Event organizers have confirmed full security support from the Commonwealth of Dominica Police Force for the 2026 weekend. Delvin John Lewis, head of the police’s Northern Division, noted that law enforcement has backed the Poker Run and its associated events for years, and 2026 will see no change to that commitment.

    “We can guarantee that the Coast Guard will provide maritime support along the sea route from Layou village all the way up to Toucari,” Lewis said. “On land, our officers will patrol the E.O. Leblanc Highway Western Corridor leading to Toucari to ensure safety for all participants and attendees.”

    Corporate partners have also thrown their support behind the expanded format. Clifford Morancie, speaking on behalf of headline corporate sponsor Morancie & Sons, said the event does far more than provide entertainment – it shines a spotlight on the full breadth of what Dominica has to offer to visitors and investors.

    “This event puts every side of Dominica on display, from our stunning coastlines to our vibrant local communities,” Morancie said. “These are exactly the kinds of initiatives we are proud to partner with, and we’re eager to help take this event to even greater heights in coming years.”

    Officials from Dominica’s official tourism board echoed that sentiment, noting that marine-focused events are a key driver of inclusive economic growth across the island. Ogelly Moses, a representative from the Discover Dominica Authority, pointed out that rising visitor arrivals across the Caribbean each year translate directly to tangible opportunities for local small businesses.

    “Every additional visitor that comes to Dominica for events like this means more business for local restaurants, more sales at neighborhood bars, and more bookings for local accommodation providers,” Moses explained. “Marine events put our island on the map for recreational travelers, and that benefits every corner of our local economy.”

    With the addition of the new sport fishing tournament and continued cross-sector support from sponsors, tourism officials, and law enforcement, organizers are projecting that the 2026 Dominica Poker Run will be one of the largest and most successful editions in the event’s history. The expanded weekend is expected to draw a diverse crowd of local participants, regional boating enthusiasts, and international visitors, while cementing Dominica’s reputation as a top-tier marine recreation destination in the Caribbean.

  • ECCB Backs Regional Airline to Improve Caribbean Connectivity

    ECCB Backs Regional Airline to Improve Caribbean Connectivity

    Against a backdrop of stubbornly elevated travel costs that continue to drag on economic development across the Eastern Caribbean, the Monetary Council of the Eastern Caribbean Central Bank (ECCB) has formally pledged its full support for ongoing initiatives to launch OECS Air, a dedicated regional airline. This endorsement was delivered in an official communiqué released at the conclusion of the Council’s 113th quarterly gathering, hosted this week in Dominica, where regional finance ministers and territorial premiers gathered to assess the bloc’s current economic trajectory and align on core growth priorities. During deliberations, Council members acknowledged that the Eastern Caribbean Currency Union’s (ECCU) tourism sector has retained surprising resilience in recent months, but highlighted that fragmented and inadequate air links between neighboring islands remain a persistent bottleneck that limits the expansion of intraregional travel. The official statement emphasized that the body welcomes ongoing multi-stakeholder discussions focused on bringing OECS Air to operational status, noting that enhanced regional connectivity is a non-negotiable foundation for unlocking growth in cross-border trade, tourism, and the free movement of labor across the bloc. The Monetary Council went further to frame improved interconnectedness as an indispensable pillar for maintaining long-term economic expansion and boosting the Eastern Caribbean’s global competitiveness. It reaffirmed its long-standing position that delivering widespread, shared prosperity to member states requires coordinated progress across multiple critical fronts: raising overall productivity, deepening institutional regional integration, expanding affordable transportation infrastructure, rolling out accessible, low-cost energy, attracting higher levels of private sector investment, and sustaining consistent macroeconomic policy coordination across all member governments. In a positive update on the region’s core tourism industry, the Council confirmed that visitor arrivals across the ECCU saw a robust 9% uptick in the first quarter of 2026, climbing from 2.3 million to 2.5 million compared to the prior comparable period. Correspondingly, total visitor spending across the bloc also grew by 4%, rising from 2.7 billion Eastern Caribbean dollars to 2.8 billion Eastern Caribbean dollars. The uptick in both arrival numbers and spending signals that global traveler demand for the Eastern Caribbean as a leading leisure and vacation destination remains steady, countering broader headwinds facing the global travel sector.

  • NEW CRUISE TERMINAL FOR ST. KITTS

    NEW CRUISE TERMINAL FOR ST. KITTS

    St. Kitts and Nevis has entered a new era of cruise tourism development, with an official groundbreaking ceremony this week marking the start of construction on a cutting-edge new cruise terminal at Basseterre’s Port Zante. The event brought together senior government leaders, tourism industry stakeholders, major cruise line partners, and media representatives to celebrate the launch of a project designed to reshape the Caribbean cruise landscape by positioning the dual-island nation as a world-class turnaround homeport.

    The project builds on a major announcement made by St. Kitts’ Ministry of Tourism back in March 2026, which confirmed that starting in November 2027, the destination will offer full turnaround operations for UK-based P&O Cruises. Two of the line’s largest flagship vessels, Iona and Arvia, will base their Caribbean itineraries out of St. Kitts, with the island becoming an additional homeport for Iona to expand P&O’s popular fly-cruise program in the region.

    Paul Ludlow, president of Carnival UK and P&O Cruises, expressed strong enthusiasm for the new development, noting that the terminal investment aligns perfectly with the cruise line’s upcoming expansion plans in the Caribbean. “We are delighted to see this significant investment in St Kitts’ new cruise terminal at Port Zante, our additional turnaround port for Iona and Arvia from autumn 2027,” Ludlow said. “This milestone reinforces the destination’s growing importance within the Caribbean cruise sector and its commitment to delivering exceptional experiences for our guests.”

    For decades, cruise tourism has been a core engine of economic growth for St. Kitts, with millions of passengers disembarking at Port Zante to support local small businesses, generate widespread employment, and drive national development. This new terminal represents the next strategic phase of the island’s tourism evolution, with projected benefits including increased visitor spending, higher demand for pre- and post-cruise overnight stays, expanded airlift connectivity, and broader economic gains across the entire federation.

    The terminal is a central pillar of the St. Kitts and Nevis government’s strategy to build long-term resilience in the cruise tourism sector. When completed, the facility will feature industry-leading, modern security screening and digital immigration processing systems designed to speed up and smooth embarkation and disembarkation for turnaround passengers. The expansion comes as the destination already reports strong cruise sector growth, welcoming more than 950,000 cruise passengers in the current season alone.

    The start of construction is the result of more than a year of careful planning, cross-agency coordination, and collaborative partnership led by three key local bodies: the St. Christopher Air and Sea Ports Authority (SCASPA), the Urban Development Corporation (UDC), and the Homeporting Steering Committee. The committee, chaired by Melnecia Marshall, Deputy Chief Executive Officer of the St. Kitts Tourism Authority, has overseen the project from its initial conceptual stage through to the start of on-site construction, working alongside Baley Project Management and Construction Inc., technical advisors, architects, government agencies, finance advisors, and private industry partners.

    Prime Minister of St. Kitts and Nevis Dr. Terrance Drew emphasized that the project directly advances the government’s flagship Sustainable Island State Agenda. “This investment in the cruise terminal will drive economic impact felt across every corner of our tourism industry; regardless of your job,” Dr. Drew said. “It also advances our vision for a Sustainable Island State: a nation resilient enough, and diversified enough, to not just survive whatever comes our way, but to thrive.”

    Marsha T. Henderson, St. Kitts’ Minister of Tourism, highlighted that the milestone is the product of years of relationship-building and shared commitment across public and private sectors. “This groundbreaking represents months of dedication, finally taking physical shape. This project did not begin with the turning of the sod. It began with dialogue, trust and relationships that have been carefully cultivated over many years,” Henderson said. “It reflects the collective efforts of the Government, our public sector agencies, technical experts, financial advisors, and private sector partners, all working toward a common goal: advancing the future of St. Kitts and Nevis. The ceremony represents our determination to invest in infrastructure that strengthens our economy, creates new opportunities for our people, and enhances the competitiveness of St. Kitts and Nevis within the global cruise industry.”

    Once the terminal enters operation, it will elevate the overall visitor experience, streamline shipping operations, and solidify St. Kitts and Nevis’ standing as one of the Caribbean’s top turnaround cruise ports. For travelers interested in visiting the destination, St. Kitts is currently accessible via twice-weekly direct flights from London Gatwick operated by British Airways. Additional information about the destination and the new cruise terminal project is available on the official St. Kitts Tourism website at www.visitstkitts.com.

  • One standard of protection

    One standard of protection

    For decades, public perception of security has been rooted in static imagery: a uniformed guard posted at a building entrance, or a single CCTV camera mounted to watch a parking lot. While these core components still hold value, today’s complex risk landscape demands that businesses rethink security entirely, moving far beyond one-off products or reactive guard posts to build an integrated system woven into their core business strategy.

  • SLM gaat in hoger beroep tegen vonnis pensioenaanvulling oud-werknemers

    SLM gaat in hoger beroep tegen vonnis pensioenaanvulling oud-werknemers

    A long-simmering pension dispute involving Suriname’s national airline, De Surinaamse Luchtvaart Maatschappij (SLM), has entered a new legal phase, with the carrier confirming it will launch an appeal against a lower court’s ruling that ordered it to maintain monthly supplementary pension payments for retired former workers. The original lawsuit was brought by 16 retired SLM employees, led by former staff member Guno Stekkel, who alleged systemic failures in the airline’s handling of employee pension contributions dating back decades.

    According to the claimants, during their active employment with SLM, regular pension premium contributions were automatically deducted from their monthly salaries. However, these withheld funds were never fully remitted to the national Suriname Pension Fund, as required by law. This shortfall left the pension fund with insufficient coverage to pay out full retirement benefits to the affected former workers, resulting in mandatory cuts to their monthly pension payments.

    To offset these reductions, SLM voluntarily began paying a monthly supplementary allowance to bridge the gap between the reduced fund payouts and full expected benefits. But the retired employees argued that this supplementary payment was never formally codified in the company’s official pension regulations. Its continuation depended entirely on the airline’s willingness to maintain the payments, leaving retirees in constant uncertainty about their future retirement income, a situation the claimants described as a prolonged violation of their legal rights.

    The cantonal court that heard the original case largely sided with the retirees’ arguments. In its May 12, 2026 ruling, the court found that SLM’s failure to remit already-withheld pension premiums to the fund constituted a clear breach of the employer’s statutory obligations. The court further ruled that the persistent uncertainty surrounding the future of the supplementary payments created an ongoing unlawful situation for the retired workers, who rely on fixed income to cover basic living costs.

    In its ruling, the court also rejected SLM’s argument that the company’s current organizational and financial challenges should excuse it from its pension obligations. The carrier had cited multiple ongoing economic pressures, including the lingering aftereffects of the COVID-19 pandemic, soaring regional inflation, and rising competition from other international airlines as factors that strained its budget. The court made clear that these broader economic headwinds do not release SLM from its legal responsibility to resolve the pension shortfall it created.

    Alongside ordering SLM to continue making the supplementary payments until the pension fund reaches a sufficient coverage level to pay full benefits without cuts, the court also ordered the airline to cover all legal costs associated with the lawsuit. Crucially, the ruling was declared immediately enforceable, meaning SLM must comply with the payment order even while pursuing its appeal, with no delay in implementation pending the higher court’s review.

    SLM has now formally filed its appeal, and the case will next be reviewed on its full merits by the Suriname Court of Justice. The appeal process will give SLM the opportunity to present its full legal argument outlining why it believes the original ruling should be overturned or amended, setting the stage for a final resolution to a dispute that has upended retirement planning for dozens of former airline employees.

  • Dr. McIntyre pledges to protect regional stability as he assumes ECCB Monetary Council chairmanship

    Dr. McIntyre pledges to protect regional stability as he assumes ECCB Monetary Council chairmanship

    In a formal handover ceremony held this week at the InterContinental Dominica Cabrits Resort & Spa in Portsmouth, Dominica’s Minister of Finance Dr. Irving McIntyre officially assumed the rotating chairmanship of the Eastern Caribbean Central Bank (ECCB) Monetary Council, inheriting the role from Antigua and Barbuda Prime Minister Gaston Browne.

    With his appointment, Dr. McIntyre has made a public pledge to prioritize protecting the financial welfare of more than 650,000 residents spread across the eight member jurisdictions of the Eastern Caribbean Currency Union (ECCU), a bloc that stretches from the northern territory of Anguilla all the way south to Grenada.

    Speaking at the event, Dr. McIntyre opened his remarks by expressing deep humility and gratitude for the trust placed in him and in the government and people of Dominica by fellow council members. He reaffirmed a steadfast commitment to advancing cross-regional collaboration as the foundation of the bloc’s collective success. “On behalf of the Government and the people of the Commonwealth of Dominica, I accept the chairmanship of this distinguished Monetary Council with humility, gratitude, and an unwavering commitment through regional cooperation,” he stated.

    Dr. McIntyre did not shy away from acknowledging the significant headwinds facing the Eastern Caribbean region, noting that growing volatility in global geopolitics and international markets has created widespread economic uncertainty that complicates the bloc’s policy work. Despite these challenges, he emphasized that the member states retain unshakable resolve to protect the currency union’s monetary and financial footing. “Yet amidst these uncertainties, our resolve remains firm,” he said. “Together we will continue to safeguard monetary and financial stability while accelerating the transformation of our economies to deliver sustainable, inclusive and shared prosperity for all our people.”

    The finance minister pointed out that current global conditions create substantial barriers to the region’s long-term economic transformation goals. He shared official projections showing that average economic growth across the ECCU is expected to land just below 3% for both 2026 and 2027, a rate that falls far short of the 7% annual growth the bloc needs to meet the development aspirations of its populations. “This reality demands purposeful and coordinated action,” he added.

    Established as the highest policy-making body of the ECCB, the Monetary Council brings together the finance ministers from each of the ECCU’s eight full members: Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The chairmanship of the council rotates on an annual basis, following an alphabetical order of member states to ensure equal opportunity for leadership across the bloc.

    Beyond the leadership handover, the ceremony also marked a milestone in the history of the Eastern Caribbean currency: officials used the event to unveil a fully redesigned collection of EC dollar banknotes and coins. The updated currency series was launched to celebrate the 50th anniversary of the EC dollar’s long-standing fixed exchange rate peg to the United States dollar, a policy that has anchored regional financial stability for half a century.