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AGP Executive Report

Last update: 10 hours ago

GDP & Forecast Upgrade: President Irfaan Ali says Guyana’s economy grew 33.3% in the first half of 2026, with non-oil up 10.1%, and lifts the full-year real GDP growth forecast to 20.8% (non-oil 10.2%). Power Reliability Crisis: Ali admits blackouts are “unpleasant” and “unacceptable,” pointing to rising demand and no “spinning reserve,” with InterEnergy projecting demand could jump 138% by 2029; he flags major grid overhaul needs. Grid Investment Plan: GPL/InterEnergy recommendations include smart metering, digitising, more generation, and transmission & distribution upgrades, with government seeking financing support (including discussions with Qatar). Guyana Development Bank Launch: The Guyana Development Bank is set to operationalise Oct 5 with US$100M capital, offering affordable loans (including zero-interest/zero-collateral up to G$3M) for agriculture, agro-processing, manufacturing, tourism, services and technology. Oil Boom, But Diversify: Ali tells Al Jazeera Guyana must use the expansion to build a non-oil economy via infrastructure, housing, education, health, and support for sectors like agriculture and tourism. MV Barima Recovery: HEART initiative support now reaches 750+ affected persons; needs assessment is 99% complete and $122.35M in financial assistance has been provided. Cost-of-Living Debate: Government claims lower prices for some foods, but reporting notes shoppers’ actual costs vary widely by market and vendor. Drug Bust: Police investigating 72.1 lbs of cocaine found along the Five Miles–Ituni Trail; no arrests yet. Sports (Local Interest): Warriors and Tridents set for WCPL playoff clash after Warriors’ win secured a playoff spot.

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.

AGP Wire

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Sep. 4, 2026

Guyana's Irfaan Ali to keynote CTO tourism conference in Georgetown

AGP

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Aug. 20, 2026

Guyana to host cruise master class at SOTIC 2026

AGP

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Aug. 24, 2026

Drill pipe market seen reaching $6.16 billion by 2035

AGP

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Aug. 21, 2026

Caribbean Energy Week returns to Guyana in July 2027

AGP


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Oil-Rich, Electricity-Poor: What Will It Take To Move Guyana Beyond Blackouts? 

Oil-Rich, Electricity-Poor: What Will It Take To Move Guyana Beyond Blackouts? 

Guyana’s economy grew by 33.3% in 1st half of 2026, full-year growth forecast raised to 20.8%

Guyana’s economy grew by 33.3% in 1st half of 2026, full-year growth forecast raised to 20.8%


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Sep. 4, 2026

Guyana President Irfaan Ali to Keynote CTO’s State of the Tourism Industry Conference in October

EIN Presswire

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Aug. 24, 2026

Drill Pipe Market Projected to Reach USD 6.16 Billion by 2035, Growing at 4.9% CAGR

EIN Presswire

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Aug. 24, 2026

Air Starter Market Projected to Reach USD 726.50 Million by 2035, Growing at 5.02% CAGR

EIN Presswire

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Aug. 21, 2026

Caribbean Energy Week 2027 Set for July 13–15 in Guyana as Regional Energy Investment Accelerates

EIN Presswire

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Aug. 18, 2026

StrikePoint Announces Agreement to Purchase the Northumberland Project, a Gold Deposit in Nevada’s Walker Lane, from Newmont Corporation

GlobeNewswire, Inc.

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Aug. 20, 2026

SOTIC 2026 to Feature Cruise Master Class as Guyana Advances Cruise Tourism Ambitions

EIN Presswire

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