AGP Executive Report
Last update: 3 hours agoCommercial Disruption: A major fire destroyed a clothing store near Stabroek Market and damaged nearby stalls, while power outages affected surrounding areas. Foreign Exchange: Bank of Guyana Governor Gobind Ganga says funds are available to ease pressure on the foreign-exchange market, but legal limits constrain access as demand reaches unprecedented levels. Local Leadership: Guyanese now hold every Base Manager position at oil-sector logistics hub GYSBI, including the company’s first female manager; 96% of its workforce is local. India Partnership: Guyana says it could eventually supply up to 20% of India’s crude needs, with joint refining and bunkering under discussion. A new US$500 million Indian credit line and agreements on digital payments and small businesses could also deepen economic ties. Banking and Enterprise: President Ali urged Bank of Baroda to expand small-business lending as the bank opened its new Georgetown headquarters and reported total business of G$51.2 billion.
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