AGP Executive Report
Last update: 27 minutes agoMaritime Safety & Accountability: The Government has opened a tender to salvage the sunken MV Barima, seeking proven salvage firms for operations in strong currents and low visibility; the tender closes Aug 14, with plans required to protect and document forensic material for the Commission of Inquiry. Energy & Oil Output: ExxonMobil says its fifth Guyana FPSO, Errea Wittu, has set sail for the Uaru project, adding 250,000 bpd and pushing capacity toward nearly 1.2 million bpd by end-2026. Public Finance & Growth Watch: The IMF reports Guyana remains among the world’s fastest-growing economies, citing 19% expansion in 2025, oil output above 900,000 bpd, and non-oil growth around 14%. Development Banking: President Ali signed the Guyana Development Bank Act, clearing the way for interest-free loans up to $3M for SMEs without collateral, plus business advisory support. Regional Tax Cooperation: CARICOM’s 27th COTA General Assembly in Georgetown wrapped up, focusing on AI-enabled, data-driven tax administration across the region. Hinterland Connectivity: Bids were received for municipal airports at Lethem and Rose Hall and for rehabilitation of hinterland coastal airstrips. Security Update: Police destroyed about $2.4M in ganja along the Berbice River, with no arrests. Emancipation Day: Multiple national and CARICOM messages marked Emancipation Day while urging unity and continued work on justice and economic freedom.
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