News and analysis for Caribbean MSMEs — financing, market access, trade policy, and growth strategies for micro, small, and medium enterprises across the region.
The Guyana Development Bank opens on 5 October with US$100 million and application desks inside commercial banks. Its loans are in Guyana dollars, so an importer like Sankofa Global, which buys shea and cocoa butter from Ghana, must still buy US dollars to pay its supplier.
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In February the President proposed one shared bottle-making facility so no producer need buy its own. In July the National Assembly voted G$496.3 million for a state-owned bottler instead. Manufacturers who expanded on the first plan now compete with the second.
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Guyana's Local Content Act reserves 90 to 100 per cent of services built on premises and labour for Guyanese companies, and just 5 per cent of engineering and machining. A business cluster, run by a chamber of commerce, is how firms elsewhere crossed that gap.
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CARICOM and Colombia are deepening a 1994 trade agreement, with a final round scheduled for March 2026. The terms sit in tariff schedules written in customs codes. What that means for a Guyanese manufacturer, and for a Guyana Development Bank loan application.
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The negotiation is in its endgame. Trade ministers were asked for guidance in Georgetown in June. The schedules that decide which Guyanese products meet cheaper competition have not been published.
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In February the President asked for collaboration with the private sector. The instrument approved in July is a state-owned competitor, and nothing published says whether collaboration now means taking a share in it.
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Nail technician Analisa Chesney on creativity, choosing gels, NSI products and serving clients of every age at Lexann's Nail Creations in Guyana.
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