Minister of Finance Dr Ashni Singh today signed the Commencement Order to operationalise the Guyana Development Bank. A first tranche of US$100 million ($20 billion) would be injected at start-up, representing half of the Bank’s authorised capital of $40 billion.
This marks another critical step in the institution’s journey to establishment, following the recent announcement by President Dr. Irfaan Ali, that the Bank would be launched on October 5, 2026.
Through affordable financing options, including zero-interest and zero-collateral loans of up to G$3 million for eligible borrowers, the development bank will support Guyanese seeking to establish or expand businesses in key sectors such as agriculture, agro-processing, manufacturing, tourism, services and technology.
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