Guyana Development Bank records up to 20,000 applications as interest surges

President Dr Mohamed Irfaan Ali said on Tuesday that the newly launched Guyana Development Bank is attracting significant interest from Guyanese, with an estimated 15,000 to 20,000 persons already applying for support to pursue business ventures and entrepreneurial opportunities.

The head of state made the disclosure during an interview, noting that the strong response, coupled with the convenience of the application process, signals an encouraging start for the national initiative, launched on October 5.

“Imagine launching such a huge national programme. You have maybe 15,000, 20,000 persons who have applied already, without a line, without a single line, without any long line anywhere, just from their bedroom, from their desk, on a cricket field,” President Ali said.