The establishment of the Guyana Development Bank is expected to open new pathways for business development and expansion, particularly for small and medium-sized enterprises, according to Executive Member of the Private Sector Commission Timothy Tucker.

Speaking on Sunday’s episode of the Starting Point Podcast, Tucker said the upcoming financial institution represents a transformative step for Guyana’s private sector, especially for entrepreneurs who have long faced challenges in accessing affordable financing to grow their operations.

He explained that while the development bank will create new opportunities, entrepreneurs must take deliberate steps to position themselves as credible and investment-ready businesses before seeking funding.