AGP Executive Report
Last update: 8 hours agoCARICOM Trade Talks: The 62nd Regular Meeting of the Council for Trade and Economic Development (COTED) opened in Georgetown, with CARICOM Secretary-General Dr. Carla Barnett warning that energy-market shocks and supply-chain disruptions are pushing up fuel, food and fertiliser costs, threatening inflation and food security across the region. U.S. Business Push: Former U.S. Ambassador Sarah-Ann Lynch led a multi-sector American business delegation to Guyana, meeting senior officials on AI, infrastructure, supply chain logistics, aviation, energy and maritime opportunities. Fertiliser Partnership: Brazil is looking to Guyana as a fertiliser source, following talks with President Irfaan Ali on a planned Guyana ammonia and urea plant at Wales, targeting operations by 2028. Power Project Update: Government says one turbine for the Wales Gas-to-Energy project will be completed by end-2026, with full commissioning expected in 2027. Electricity Oversight: The Public Utilities Commission says GPL will not face penalties for missing 2024 targets, citing infrastructure damage, software updates and electricity theft, while pushing modernisation and reliability upgrades. Air Cargo Growth: Cargojet Airways will start weekly non-scheduled cargo flights for DHL Express, reflecting a sharp rise in Guyana’s air cargo volumes since 2020. SME Export Tool: TTMA launched a new export tool for SMEs, building on its Export Action Programme model to help firms break into foreign markets. Youth & Community: STRIDE592 launched “Girls on the Move” to empower girls aged 6–18 through running, mentorship and mental health support. Oil Price Watch: Goldman Sachs cut its 2027 Brent forecast to $80/bbl, citing supply growth and demand weakness, while flagging volatility tied to geopolitical scenarios. Governance & Integrity: Opposition alleges an EITI validation meeting invitation was withheld, while SOCU secured convictions in a Ponzi scheme case, fining and jailing Yuri Garcia Dominguez and Ateeka Ishmael.
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