AGP Executive Report
Last update: 10 hours agoGuyana Development Bank Launch: Government has named the inaugural Board for the Guyana Development Bank, with Abu Zaman as Chairman and Kathy Smith as Deputy Chair, plus James Bond, Sukrishnalall Pasha, Dion Inniss, Nalinie Singh and entrepreneur Praem Rambharak. The bank is set to operationalise soon with zero-interest, zero-collateral loans up to G$3 million and business support for micro, small and medium enterprises, backed by a G$20B initial capital injection from Budget 2026. Travel & Connectivity: Guyanese can now enter Saudi Arabia with visa on arrival or e-visa without needing a prior US, UK or Schengen visa, while EllaLink announced the Caribbean Gateway fibre project moving toward investment and service readiness by end-2029. Oil & Energy Governance: Government is still reviewing Exxon’s Longtail (8th Stabroek project), and a separate debate continues over missing details around Exxon’s US$55B cost-recovery milestone. Hydropower Procurement Scrutiny: A US-linked firm tied to Brazil’s Odebrecht controversy is among bidders for Amaila Falls, raising questions about bid evaluation. Aviation & Regional Trade: Trans Guyana Airways plans Georgetown–Cayenne direct flights after a new Guyana–France air services deal, and Guyana signed an aviation MoU with Uganda to strengthen safety and training. Social & Business Climate: Truck parking and auto-zone facilities at Golden Grove and Enmore aim to reduce roadside congestion and repairs in residential areas.
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