The Guyana Development Bank's co-financing arm allows approved borrowers to stack up to G$10 million from commercial banks at preferential rates onto the development bank's own G$3 million zero-interest, zero-collateral loan, for a total of up to G$13 million per borrower.
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The Guyana Development Bank names five priority sectors: agriculture and agro-processing, tourism and hospitality, services and trade, creative industries, and digital industries. Borrowers who qualify can draw G$3 million at zero interest and post no collateral, Minister Zulfikar Ally confirmed.
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In two rooms six weeks apart, the Local Content Secretariat and the new Guyana Development Bank delivered the same message: compliance now means more than tax, NIS and business registration. Michael Monroe put it to the ECONOME conference's Region 3 investment forum in April.
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Women, youth and differently abled entrepreneurs are named priority groups for the new Guyana Development Bank, Minister Zulfikar Ally confirmed. Eligible borrowers can access G$3 million at zero interest with no collateral required. The bank launches with US$100 million in capitalisation.
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Public servants in Guyana will be eligible for loans from the new Guyana Development Bank, Minister of Public Service Zulfikar Ally confirmed at the GMSA business luncheon in Georgetown. The decision reverses a long-standing Small Business Bureau exclusion, with conflict-of-interest guardrails.
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The new Guyana Development Bank will be open to entrepreneurs across the country and across every demographic, Minister Zulfikar Ally told a business audience. This is not discriminatory and not just for the people in Georgetown, he said, rejecting readings of it as an insider facility.
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The business lessons shared by Guyana Manufacturing and Services Association President Rafeek Khan at a recent luncheon are increasingly borne out by independent research in developing economies, where business owners face high operating pressure, tight financing and very fast economic change.
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In 1836 the Colonial Bank was chartered by Royal Charter in London to finance the British West Indies. In 2026 Guyana licensed three wholesale banks and prepared to launch Fast Pay with UPI. The 190-year arc closed at GBTI's Anniversary Gala on Saturday night.
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Across two decades of foreign-bribery enforcement one figure appears in three of every four cases: not the politician and not the company chairman, but the intermediary, the well-tailored fixer who knows the minister. The global record and Guyana's public record sit side by side here.
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On 16 May 2026 Guyana licensed three new wholesale financial institutions: Citibank N.A., Crown Agents Bank and One Americas. None of them will offer retail banking. All three reshape trade finance, cross-border payments and capital-markets access for corporates and for the State itself.
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Guyana's Fast Pay goes live on 2 June 2026 with Unified Payments Interface integration, the Caribbean's first real-time payments system. The groundwork runs back to 20 November 2024, when India's Prime Minister Narendra Modi signed ten memoranda of understanding in Georgetown.
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Omesh and Ambika Singh run Electronic Wizard and Solar Tech out of Eccles, East Bank Demerara, fitting solar for homes and MSMEs. On 26 April 2026 machinery struck a 69-kilovolt transmission line at Dennis Street, Sophia, and most of Guyana lost power within minutes.
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