A striking development in Guyana’s foreign exchange market for the first half of 2025 was the sharp widening of the gap between bank and non-bank cambios, signalling uneven pricing and growing spreads even as the official rate remained unchanged. According to the Bank of Guyana’s 2025 Half-Year Report, the Guyana dollar mid-rate used for official […]
FINANCE
FPSO import drives 81% surge in Guyana’s merchandise imports -BoG
Guyana’s merchandise import bill surged by more than 80 per cent in the first half of 2025, driven almost entirely by the importation of the country’s fourth Floating Production Storage and Offloading (FPSO) vessel, One Guyana, according to the Bank of Guyana’s Half-Year Report. The value of merchandise imports increased by 81.1 per cent, or […]
PSC compiling 2026 budget proposals
Focus on tax relief, incentives, migrant workforce support and local content expansion Head of the Private Sector Commission (PSC), Gerald Gouveia Jr., says the organisation is currently compiling its recommendations for the 2026 National Budget, following wide-ranging consultations with business bodies across the country. He explained that, as is customary each year, the private sector […]
Guyana to launch premier aviation school
-President Ali announces he made call for cheaper domestic air travel President Dr. Irfaan Ali on Tuesday announced that Guyana will soon have its own aviation school capable of fully training and certifying local pilots and aviation professionals, a move he says is central to expanding access to air travel and steering the country’s aviation […]
Massive investment push coming in 2026 budget- major shift to long term investments
Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, has signalled a major shift in Guyana’s 2026 National Budget, away from routine government spending and towards investments that strengthen long-term economic competitiveness. Speaking at the Guyana Manufacturing and Services Association’s (GMSA) 30th Anniversary Dinner and Awards on Wednesday, he […]
President announces new interest-free loans and expanded assistive aid support for persons with disabilities
President Dr. Mohamed Irfaan Ali has announced major new financial support measures aimed at helping persons living with disabilities become more independent and better equipped for income-generating opportunities. Speaking during the International Day of Persons with Disabilities observance, the President revealed that a special financing window will soon be introduced through the new Development Bank. […]
Guyana’s economy surges in first half of 2025
Guyana’s economy continued its strong upward climb in the first half of 2025, posting major gains in both the oil and non-oil sectors despite ongoing global uncertainties. According to the Bank of Guyana’s 2025 Half-Year Report, the local economy grew steadily even as worldwide growth slowed. Real oil GDP rose by 7.5 percent, supported by […]
Agriculture, forestry sectors strengthen in first half of 2025 -BoG
Guyana’s agriculture sector delivered a strong performance for the first half of 2025, with major improvements in sugar, rice, livestock, and other crop production, even as parts of the fishing industry continued to face challenges. The newly released Bank of Guyana Half-Year Report shows broad-based growth across several key sub-sectors, supported by better infrastructure, expanded […]
Budget preparation underway as gov’t moves to deliver on 2025–2030 agenda
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, has confirmed that work is already underway on the preparation of the next National Budget, with ministries and government agencies having submitted their proposals in keeping with the administration’s five-year development agenda. Speaking on the government’s approach, Dr. Singh said […]
Gov’t Unveils 2026 Launch of GDB with 0% Loans, No Collateral Requirements
Government preparations for the establishment of the Guyana Development Bank (GDB) are already underway, with the institution set to become operational by the end of the first quarter of 2026. The bank will be capitalised with a minimum of $200 million and is being designed as a major engine to expand access to finance, stimulate […]