Saint Vincent and the Grenadines Country Report
The government welcomes investment, and companies can easily set up operations. The investment promotion agency Invest SVG provides guidelines for investors. However, ongoing constraints include partially deficient infrastructure and the continued threat of natural hazards (mainly hurricanes). The recently opened Argyle International Airport is likely to boost inbound tourism. In December 2017, the IMF called for more labour market flexibility and improved access to credit. Prime Minister Ralph Gonsalves opposes granting citizenship for attracting inward investment, an initiative implemented by other Caribbean countries. Investors in the country face bribery solicitation risks.
There are no domestic terrorist groups with the intention or capability to undertake attacks against the population and/or commercial or government-owned property. The country is not considered a target for international terrorist organisations. St Vincent's offshore banking sector has come under pressure from international organisations to tighten money laundering controls and reduce the possibility of terrorist groups using the jurisdiction to conceal assets or direct funds abroad. In May 2017, the government published an Anti-Money Laundering and Terrorist Financing Code. After government websites were targets of cyber-attacks, the country pledged to increase cyber security in December 2017.
The likelihood of interstate conflict involving St. Vincent and the Grenadines is very low. St. Vincent disputes Venezuela's claim to Bird Island, but relations between both countries are friendly under the current administrations. Prime Minister Gonsalves has ideological sympathy for the governments of Cuba and Venezuela. The country has been involved in mediating talks between the Venezuelan government and the opposition. The country works alongside US and European security forces, particularly in regional anti-drug trafficking efforts. In 2017, St. Vincent and the Grenadines signed maritime boundary agreements with Barbados and St. Lucia, reducing the risk of diplomatic disputes.