Guyana is poised to become a major supplier of refined sugar to the Caribbean with the construction of a new refinery at the Enmore Sugar Estate, announced by President Irfaan Ali, reported CNW.
Speaking during the inauguration of the XII Annual Consultation with Caribbean Governors of the Inter-American Development Bank (IDB), President Ali affirmed Guyana’s commitment to supplying refined sugar products to the entire Caribbean. As construction progresses, he announced, “By the conclusion of 2027, we will be capable of meeting the region’s demand for refined sugar products, aligning with its current import requirements.”
The impetus behind the refinery’s construction comes from private investment, with President Ali disclosing that a private investor is spearheading the project at the Enmore Sugar Estate. This strategic move not only breathes new life into Guyana’s sugar sector but also positions the nation as a key player in regional sugar production.
Beyond the confines of sugar, President Ali emphasized Guyana’s commitment to bolstering food production and intra-CARICOM trade. With Guyana taking the lead in CARICOM’s food security and nutrition efforts, the nation is striving to reduce costly extra-regional food imports by 25 percent by 2025.
President Ali outlined ambitious agricultural goals for Guyana, asserting that the nation is on a trajectory to achieve self-sufficiency in staple crops such as corn, soya, and beans. He anticipates not only meeting domestic demand but also exporting surplus produce by the end of 2026, solidifying Guyana’s position as a net food exporter within CARICOM and addressing regional needs.
In support of President Ali’s vision, IDB President Ilan Goldfajn reiterated the bank’s commitment to assisting countries in achieving their food security objectives.
