Guyana Development Bank Opens Amid Calls for Inclusion, Strong Management
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Finance
Politics
October 5, 2026
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The Guyana Development Bank officially begins operations today with an initial capitalisation of US$100 million, offering zero-interest, no-collateral loans of up to G$3 million to individuals and small and medium-sized businesses.
The state-backed institution is being presented by the Government as a means of expanding access to financing for Guyanese who have traditionally struggled to meet the requirements of commercial banks.
President Irfaan Ali said the bank fulfils a 2025 manifesto commitment to establish a more inclusive financial architecture, particularly for young entrepreneurs, women, farmers, skilled tradespeople and other groups.
Business
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Politics
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