Finance

While the law governing the Guyana Development Bank paves the way for funding to be provided for small and medium-sized enterprises (SME), it has key measures in place to protect against fraudulent applications and abuse of the institution’s finances. According to Guyana Development Bank Act, it is an offence for a person to knowingly provide […]

Even as Guyana ramps up investment in infrastructure, jobs and economic transformation, the International Monetary Fund (IMF) says the government has maintained one of the lowest debt levels in the hemisphere. Following its latest mission to assess Guyana’s economic performance, the financial institution described the government’s borrowing strategy as “prudent”. It also said the risk

While Guyana’s Low Carbon Development Strategy (LCDS) 2030 has already delivered substantial financial benefits to Indigenous communities and the wider economy, the International Monetary Fund (IMF) says the government’s plans for the next five years will deliver even more progress. In its latest report following an Article IV Mission to assess Guyana’s economic performance, the

IMF praises growth in non-oil sectors, drop in unemployment rates  The International Monetary Fund (IMF) has lauded Guyana’s impressive growth for a seventh consecutive year, led by the policies and programmes of the President Irfaan Ali administration.  Following its Article IV Mission in Guyana, an exercise that reviews the economic well-being of member states, the

Vice President Dr. Bharrat Jagdeo has announced that the administration will be increasing the value of contracts that can be awarded directly to communities from $5 million to $30 million, a move aimed at significantly expanding hinterland community participation in development projects across Guyana. Speaking at the National Toshaos Council Conference (NTC) on Tuesday, he

The government is advancing its plans to establish the Guyana Development Bank to help small and medium-sized businesses access financing, build capacity and expand their operations. The proposed legislation for the institution was laid in the National Assembly on June 15.  The bill outlines a framework that could transform access to capital for thousands of

The PPP/C government’s first budget since winning a landslide victory at the September 1, 2025, general and regional elections, stands at $1.558 trillion and includes a suite of targeted tax removals aimed at boosting local industries and lowering costs for consumers. Minister of Finance Dr Ashni Singh delivered a marathon budget presentation that lasted for

Guyana’s economy is estimated to have recorded significant growth in 2025, reflecting the impact of a robust policy framework despite ongoing global economic challenges. This is according to Finance Minister, Dr Ashni Singh, who on Monday, presented the country’s 2026 budget under the theme, “Putting People First.” In his budget speech, Dr Singh revealed that

Guyana has accumulated enough revenues in its Natural Resource Fund (NRF) to pay off the country’s entire external debt, according to Finance Minister, Dr Ashni Singh. During his appearance on the Starting Point Podcast, Dr Singh said, “I’m pleased to tell you that we have today, as we speak, we have saved in the sovereign

Minister of Finance, Dr Ashni Singh, says the distribution of cash grants over the next five years will form part of a broader People’s Progressive Party government strategy aimed at empowering citizens. Speaking during an interview on the Starting Point Podcast, Dr Singh acknowledged the consensus that increased money in circulation can have inflationary effects.