Nearly 30% of Development Bank applications target agriculture – Pres Ali

President Dr Irfaan Ali on Monday disclosed that nearly 30 per cent of applications submitted so far to the Guyana Development Bank since its launch last week are from the agriculture sector.

He made this disclosure at the opening of the Farmers’ Conference, held at the Arthur Chung Conference Centre, where he added that these applications reflect growing interest in the agriculture sector, which contributes six per cent of Guyana’s Gross Domestic Product (GDP) and accounts for one-fifth of the country’s non-oil GDP.

“Not only have we brought back production and instilled confidence in the system, but we are nurturing a new generation of young Guyanese who see a future in agriculture, who see a future in investing in agriculture. We have been able to build the consortiums of young people, now in poultry,” the President said.