Guyana's 2026 budget of GY$1.558 trillion (about US$7.5bn) is 307% larger than in 2021, with large allocations to roads and bridges, education, health, housing and energy. Oil revenue is funding the Gas-to-Energy project and non-oil growth.
What a Korean company can do now
Government · leader
President Mohamed Irfaan Ali (head of state and government, re-elected Sep 2025); Prime Minister Mark Phillips
Key national agenda
- Oil-funded (Natural Resource Fund) infrastructure and social investment
- Gas-to-Energy project aiming to roughly halve electricity costs
- Roads and bridges (GY$196.1bn) and housing
- Cost-of-living relief via cash transfers and a higher income-tax threshold
- Non-oil growth (agriculture, manufacturing, tourism) and 'smart country' digitisation
Government programmes
2026 national budgetGY$1.558 trillion (~US$7.5bn)
Roads/bridges GY$196.1bn, education 183.6bn, health 161.1bn, housing 159.1bn, energy 119.4bn, agriculture 113.2bn
Gas-to-Energy Phase I (Wales)
Targeted to operate by end-2026, roughly doubling generation capacity and halving power costs
Gas-to-Energy Phase II (300 MW plant, NGL facility)
Procurement started for a 300 MW plant and natural gas liquids facility; second pipeline to Berbice under study
Gas bottling/logistics company and ammonia-urea plant
GUYSOL eight solar farms~US$83m
33 MW solar and 34 MWh storage; five farms with 18 MW running in early 2026; completion due Aug 2027 (single source)
Shallow-water blocks S4 and S7 PSAs
Two PSAs signed in Q4 2025; remaining blocks under negotiation in 2026
Business opportunities
Power generation/grid equipment and system operation consulting
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PMO and supervision for road and bridge projects
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Open this week
Modular construction and scheduling tech for mass housing
GY$159.1bn is allocated to housing.
Ministry of Housing and Water, CH&PA
Hospital equipment and hospital information systems
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Korean support schemes
- KOICA fellowship and development consulting programmes · KOICA — KOICA runs training and development consulting programmes; no Guyana-specific project was confirmed in this review.
Official notices
Department of Public Information, Guyana
- 2026-01-26 GY$1.558 trillion Budget 2026 presented to the National Assembly
- 2026-01-27 Gas-to-Energy Phase I reconfirmed for end-2026
- 2026-02 PM Phillips press release says Budget 2026 cements growth
Disaster · conflict · epidemic
Stable 2026-11-07
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Earth & space
Credit rating · FX
S&P, Moody's and Fitch sovereign ratings unconfirmed · K-SURE Unconfirmed · GYD
Sanctions
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No country-level UN, US, EU, UK or Korean sanctions programme applies to Guyana.
