AGP Executive Report
Last update: 10 hours agoGuyana Development Bank Launch: Finance Minister Dr Ashni Singh signed the Commencement Order to operationalise the Guyana Development Bank, with a first US$100M tranche (half of the $40B authorised capital) and start-up planned for Oct 5, 2026, offering zero-interest/zero-collateral loans up to G$3M for business growth in agriculture, agro-processing, manufacturing, tourism, services and tech. Oil Revenue Surge: The 2026 mid-year report projects petroleum revenue near US$6.5B for 2026, with profit oil sales expected to bring US$5.9B and royalties US$508.1M; exports topped US$15B in the first half as production rose to ~902,000 bpd. TVET Skills Push: Education Minister Sonia Parag launched the 2026 TVET Fair, urging students toward practical, tool-and-industry skills, with every administrative region set to have a TVET centre by end-2026. Power Reliability Works: GPL’s Chateau Margot 69kV substation is 60% complete, aiming to improve grid resilience for East Coast Demerara and reduce blackout risk. Coastal & Road Infrastructure: Windsor Forest sea defence moves into a second phase (225m added), while the Craig to Land of Canaan highway advances across eight lots with completion targeted for early 2027. Agriculture Support: Rice farmers accessed nearly US$128K in first-crop insurance claims (2,068 farmers), alongside broader subsidies under the premium-free scheme. Union Rights Tension: The Caribbean Union of Teachers launched a regional campaign backing Guyana’s teachers’ union in a dispute over union dues “check-off” deductions. Public Services Digitised: Government says 79 services are now online, with more digitisation planned before year-end.
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