The Guyana government will introduce new financial measures to support the fishing industry, including a GUY$150,000 (US$600) cash grant for every registered fisherfolk. President Irfaan Ali explained that the grant serves as both a subsidy and an incentive for those in the sector. Additionally, taxes on key fishing materials, like fuel and seines, will be removed to lower operational costs.
This initiative expands on previous support, such as over GUY$1.1 billion in grants distributed to fisherfolk in 2022. Ali emphasized that the government’s broader strategy focuses on empowering various groups, including the elderly, small businesses, and farmers.
This initiative expands on previous support, such as over GUY$1.1 billion in grants distributed to fisherfolk in 2022. Ali emphasized that the government’s broader strategy focuses on empowering various groups, including the elderly, small businesses, and farmers.
