Guyana Passes Development Bank Bill to Expand Small-Business Financing

  • The Guyana Development Bank Bill 2026 was passed in the National Assembly on Monday, July 27, 2026, paving the way for the establishment of a dedicated financial institution to expand access to financing for small businesses and entrepreneurs across Guyana.
  • The legislation fulfils a key commitment in the People’s Progressive Party/Civic’s (PPP/C) 2025 manifesto. The new bank will provide micro-credit loans of up to G$3Mn at zero per cent interest, alongside mentorship and business-development support.
  • According to Finance Minister Dr. Ashni Singh, the institution would improve access to financing for the country’s smallest and most vulnerable businesses. He added that it could unlock a new wave of entrepreneurial activity, strengthen broad-based economic growth and improve the livelihoods of small-business owners.
  • The bank forms part of the government’s wider strategy to broaden financial inclusion and help more Guyanese participate in the country’s expanding economy. It is also expected to support community-based enterprises and create opportunities for sustainable economic development nationwide.
  • The institution will support farmers, fisherfolk, agro-processors, small manufacturers, tourism operators, artisans, women-led enterprises and young entrepreneurs. Government officials said particular attention would be given to rural, hinterland and indigenous communities, where access to affordable financing has often been limited.
  • Ministers said the bank would help remove barriers that have prevented many Guyanese from turning business ideas into viable enterprises. It is also expected to support economic diversification by enabling more people and communities to participate in the country’s development.
  • By combining zero-interest financing with mentorship and business support, the Development Bank is expected to widen financial inclusion, stimulate entrepreneurship and extend economic opportunities to underserved businesses and communities.

(Source: Guyana Chronicle)