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Incentives for Agricultural Production Announced in Guyana

Georgetown, April 14 (Prensa Latina) In an effort to strengthen food security and support the agricultural sector, Guyana's President Mohamed Irfaan Ali announced today a new incentive subsidy for agricultural workers.

Ali commented that the government’s decision is in line with the strategy to strengthen food production and offset the drop in international market prices under current conditions.

“We are not satisfied with what has been achieved; we will continue to expand support to increase production,” he said, asserting that these measures are key to positioning Guyana as a regional leader in agriculture.

The president outlined how the government reached an agreement with banks to reschedule farmers’ debts and invested several million dollars in drainage and irrigation systems.

Guyana’s main economic activities are agriculture, rice and sugar production, bauxite and gold mining, timber, shrimp fishing, as well as tourism and services.

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