Guyanese President Irfaan Ali yesterday announced that all old-age pensioners will benefit from a $28,000 one-off grant before the year ends.
President Ali stated that the one-time grant will be distributed to all elderly pensioners by the end of the year.
Mr Ali noted that this one-off grant will provide an additional $1.8b in disposable income to pensioners in Guyana.
This is the second time in two years that the government has granted a one-off grant to pensioners.
Last year, pensioners received a $25,000 one-off grant.