Dr. Abrams Flags Risks Behind Development Bank’s 20,000 Applications

The Guyana Development Bank attracted an estimated 15,000 to 20,000 applications within two weeks of opening on October 5, raising questions about its capacity to process the submissions efficiently, assess business viability and ensure public funds are directed towards sustainable enterprises.

Dr Karen Abrams, MBA, Founder and Executive Director of STEMGuyana and Pathway Online Academy, has questioned whether the institution has the staffing, technical infrastructure and assessment systems required to manage the significant volume of applications without creating lengthy delays or compromising the quality of lending decisions.

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In an October 25 opinion article published by Kaieteur News, Abrams examined the practical demands behind the government’s announcement, arguing that the convenience of submitting applications online does not necessarily translate into timely assessments and approvals.