See full statement below from GCCI on the operationalisation of the Guyana Development Bank:
The Georgetown Chamber of Commerce and Industry (GCCI) congratulates the Government of Guyana(GoG) on the operationalisation of the Guyana Development Bank (GDB), which commences operationstoday, October 5, 2026.The introduction of the Development Bank adds a new financing avenue for Guyanese entrepreneurs andsmall and medium-sized enterprises (SMEs), at a time when access to affordable finance remains animportant consideration for businesses seeking to start, expand and strengthen their operations.
GCCI has consistently advocated for an enabling environment in which local businesses can access thefinancing, technical support and opportunities necessary to become more competitive and sustainable. TheChamber therefore views the development of the Bank as a pillar to Guyana’s evolving financial andbusiness-support ecosystem.
As Guyana’s economy continues to expand and new opportunities emerge across traditional and developingsectors, greater access to capital will be critical to ensuring that local businesses are positioned to participatemeaningfully in this growth.
The GCCI looks forward to the Bank developing financing mechanisms that are accessible, responsive to therealities of the local business community and supportive of sustainable enterprise development.
The Chamber also congratulates the inaugural Board of Directors: Chairperson Mr. Abu Zaman; DeputyChairperson and GCCI President Mrs. Kathy Smith; Mr. James Bond; Mr. Sukrishnall Pasha; Mr. Dion Inniss;Ms. Nalini Singh; and Mr. Praem Rambharak, and wishes them success as they guide the institution throughits formative stage.
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