AGP Executive Report
Last update: 9 hours agoCARICOM Trade Talks: CARICOM trade ministers opened the 62nd COTED meeting in Georgetown, with Secretary-General Carla Barnett warning that energy-market shocks and higher fuel, food and fertiliser costs are set to worsen inflation and food security across the region. EV Standards Push: The same CARICOM forum highlighted work to harmonise electric vehicle charging standards, focusing on safety rules, charger installation requirements and inspection procedures—while noting Guyana’s experience shows standards can’t be copied “cut and paste.” Guyana Development Bank Rollout: President Irfaan Ali says the Guyana Development Bank is meant to build generational wealth through interest- and collateral-free loans up to $3M for SMEs, paired with mentorship and training, with the first phase expected to reach thousands. Oil Cleanup Fund Control: A new report says government still has no say in the US$1B oil clean-up/decommissioning fund, which is currently held and controlled by ExxonMobil and co-venturers. Wales Gas-to-Energy Delays: The Wales Gas-to-Energy project timeline shifts again, with one turbine targeted for completion by end-2026 and full commissioning later—raising fresh questions for power delivery. Power Utility Accountability: The PUC says GPL will not face penalties for missing 2024 targets due to infrastructure damage, software updates and electricity theft, while still demanding improved compliance. Trade & Logistics: Cargojet Airways will start weekly non-scheduled cargo flights to Guyana for DHL Express, reflecting surging air cargo demand tied to oil and broader trade. Fraud & Justice: SOCU secured convictions and sentencing for Ponzi scheme operators Yuri Garcia Dominguez and Ateeka Ishmael, and Terrence Williams is committed to stand trial for money laundering tied to the Ministry of Health drug bond. Digital Payments Gap: A commentary notes Guyana’s economy remains largely cash-based, with many businesses still not set up for electronic payments. Sports Sponsorship: S&K Imports GY signs on as a corporate partner for the One Guyana T10 Tapeball Blast, boosting grassroots cricket’s commercial momentum.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.