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AGP Executive Report

Last update: 10 hours ago

GDP & Jobs Momentum: President Irfaan Ali says Guyana’s economy grew 33.3% in the first half of 2026, with non-oil up 10.1%, lifting the full-year GDP forecast to 20.8% and non-oil to 10.2%. Cost-of-Living Pressure: The government’s mid-year report shows food prices up 6.7% and overall inflation at 4.4% (Dec 2025–Jun 2026), even as growth accelerates. Electricity Crisis: Ali admits blackouts can’t be ruled out immediately and calls for a structural grid overhaul as demand rises; GPL is also flagged as operating with razor-thin spinning reserve. Power Sector Spending & Contracts: Government awarded about $2.44B in contracts to upgrade three market facilities (Pouderoyen, Buxton, East Ruimveldt). Tax Dispute: GRA appeals a High Court ruling that quashed nearly $800M in taxes tied to Hana and Bibi Mohamed and blocked seizure of luxury vehicles. Finance & Trade Signals: Citibank is set to open a representative office in Georgetown; credit card settlements hit about US$356M so far in 2026. Youth & Enterprise: A Youth Entrepreneurship Conference drew 265 students, while tourism leaders push back on “menial jobs” perceptions. Oil Market Risk: Gulf shipping disruptions and pipeline attacks are pushing crude higher, adding new risk to energy-dependent economies. Diaspora Culture: Minister Steven Jacobs backed the Guyana Cultural Association’s Folk Festival Family Fun Day in Brooklyn.

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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35 minutes ago

Cynthia Malone wins Oxford DPhil spot to reframe conservation science

AGP

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4 hours ago

CTO taps Beverley Wilson to lead tourism research

AGP

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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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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%

Minister Steven Jacobs applauds GCA for cultivating Guyanese culture at Folk Festival funday

Minister Steven Jacobs applauds GCA for cultivating Guyanese culture at Folk Festival funday


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4 hours ago

CTO names Beverley Wilson deputy director of research

EIN Presswire

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35 minutes ago

Cynthia Malone, Black Ecologist and Grist Magazine Fixer, Accepted to Oxford DPhil to Decolonize Conservation Science

EIN Presswire

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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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