Business news and economic coverage from Guyana — oil sector growth, SME development, trade policy, and investment. La Caribeña News reports from the region's fastest-growing economy.
The Guyana Development Bank opened in October 2026 outside the statute that carries the Bank of Guyana's collateral rule. Its own Act, at section 32, exempts it from the Financial Institutions Act. The rule six Georgetown Chamber presidents have contested since 2014 therefore does not reach it.
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Private sector credit in Guyana rose G$155,671 million between 2023 and 2025 on Bank of Guyana figures. Real estate mortgages took more than a third of it, and construction and engineering one dollar in every fifty-five. Customer deposits stood at 202.4 per cent of the loan book.
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At a Georgetown banking forum on 26 November 2024, Bank of Guyana Governor Dr Gobind Ganga questioned why a furniture exporter wanted a US dollar account. Guyana sits outside the pilot group for the CARICOM payment system, and the Fast Pay launch set for 2 June 2026 remains unconfirmed.
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Paraguay pays the Instituto de Previsión Social, its equivalent of Guyana's National Insurance Scheme, before other depositors when a bank's assets are sold. Guyana's section 36 makes pension funds ineligible. A prosecutor says the fund's money at ueno bank went from US$12 million to US$364 million.
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India announced a US$500 million Line of Credit for Guyana on 5 November 2026 at the Commonwealth summit in Antigua. Under India's own scheme document at least 75 per cent of contract value must be sourced from India, and bidding is limited to entities registered in India.
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The US Treasury designated five people and ten companies on 4 November over fraudulent ship registries that flagged Iranian shadow-fleet tankers, Guyana's flag among them. Guyana's register admits only wholly Guyanese or CARICOM-owned vessels, and MARAD publishes no list to check against.
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Guyana's Geology and Mines Commission found no material deviations in how extractive licences were awarded in 2023 and 2024, at the small, medium and large scales. The six documented processes behind the mineral finding are all medium- and large-scale properties.
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The Georgetown Chamber of Commerce was incorporated by Act of Parliament in 1890, 75 years before the Bank of Guyana opened. Six of its leaders have asked the Bank to change one credit rule since 2014. The rule still says a business's own machinery is not good collateral.
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The Guyana Development Bank publishes a sector breakdown of who applies, and agriculture is the largest share. It publishes no count of loans approved, none disbursed, and no split of approvals by sector. One month after it opened on 5 October 2026, applicants posting publicly report no reply.
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Michael Munroe, Director of Guyana's Local Content Secretariat, told the Guyana Supplier Forum on 4 November 2026 that writing an unbundling requirement into the Local Content Act is an active consideration. Oil companies bundle services such as pest control, sanitation and security into one tender.
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The Guyana Tourism Authority reported 47,726 visitor arrivals in October 2026, a record for the month and 12.8 per cent up on October 2025. The same month a year earlier grew 28.9 per cent. Ten months have run at 9.9 per cent, and reaching 500,000 asks November and December for 11.7.
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JetBlue raised checked bag fees for bookings made from 3 November 2026, its second increase this year. Guyana sits in the band covering the United States, Latin America, the Caribbean and Canada, where the first bag is now US$50 off-peak and the second US$70.
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