AGP Executive Report
Last update: 38 minutes agoGuyana Development Bank Launch: The Guyana Development Bank is now operational with a seven-member board led by Abu Zaman, offering zero-interest, zero-collateral loans up to G$3 million plus business support, with President Ali calling it a new pathway for young entrepreneurs, women, farmers and skilled tradespeople. Local Housing & Construction: Palmyra in Region Six is about 60% complete, with 110 three-bedroom young professional homes (over $2.1B investment) expected to finish by year-end. Tourism & Regional Industry: At SOTIC 2026, Guyana’s tourism authority director urged Caribbean destinations to diversify offerings without diluting authenticity, while THAG welcomed the Development Bank as key financing for small tourism operators. Electric Mobility at Berbice Expo: Electric and hybrid vehicles took centre stage, with local dealers highlighting fuel-saving options and local servicing for after-sales support. Oil-to-Power Pressure: A growing electricity crisis is raising questions about whether oil wealth is translating into reliable power for households and businesses. Agriculture Push: Government is advancing coconut production through technical collaboration to boost yields and access to planting materials. Sports & Business Link: Linden’s Kashif and Shanghai launch framed football as a driver for local commerce, while SVC/AJM booked the National T10 Tapeball Finals after an 87-run zonal win. Public Finance Debate: Former finance minister Winston Jordan renewed calls to exit sugar, warning billions are being poured into an uncompetitive industry.
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