Latest / Guyana News Today | 2 Min News | The Daily News Now!
Guyana's Procurement Revolution | Guyana News
Guyana’s government spending has skyrocketed by 307% in five years, ballooning from $383.1 billion in 2021 to $1.558 trillion in 2026, sparking urgent calls for smarter oversight. To tackle this, President Irfaan Ali unveiled a sweeping digital overhaul of the National Procurement and Tender Administration Board — including an e-procurement system set for completion by year-end, complete with a bidders’ register, e-tender portal, and e-marketplace to eliminate paper trails and boost transparency. The new system will also require suppliers to disclose beneficial ownership and tax compliance…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.