Citi Announces Plans to Establish Representative Office in Guyana

Citi announced its plan to establish a representative office in Guyana, pending regulatory approval from the Bank of Guyana. The move underscores Citi’s confidence in the country’s rapid economic growth and its increasingly dynamic investment environment.

According to the company, in a recent statement, the decision is driven by Guyana’s exponential economic expansion—particularly in areas such as infrastructure and export financing—which has positioned the nation as an emerging hub for regional investment.

With an established presence in more than 90 countries and jurisdictions worldwide, Citi aims to leverage its global expertise and resources to support the growth and development of Guyana’s financial sector. The new representative office is expected to strengthen Citi’s ability to assist clients and partners in accessing global markets, while contributing to the advancement of the country’s financial infrastructure.

“We are very excited about the prospect of establishing a presence through a representative office in Guyana,” said Pablo del Valle, Citi’s Head for Central America and the Caribbean. “Guyana’s growth trajectory and vibrant investment landscape present a compelling opportunity for Citi, and further complement our unmatched global network. We are committed to working closely with the Bank of Guyana and other stakeholders to build strong and lasting relationships.”

Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni K. Singh, has welcomed Citi’s announcement, describing it as a strong vote of confidence in Guyana’s economy and investment climate. He noted that the establishment of a representative office by a leading global financial institution such as Citi reflects international recognition of Guyana’s growing prominence as an investment destination and aligns with the government’s efforts to strengthen the country’s financial architecture.

Founded in 1812 as the City Bank of New York, Citi has grown over two centuries into one of the world’s leading financial institutions. The modern entity, Citigroup Inc., was created in 1998 through the merger of Citicorp and Travelers Group. Today, the bank operates in more than 90 countries, serving millions of customers and corporations worldwide. As of November 2025, Citi’s market capitalisation stands at approximately US $181 billion, underscoring its strength and global influence in the financial sector.

Citi’s planned expansion into Guyana marks a significant step in its ongoing efforts to deepen engagement across the Caribbean and support countries experiencing rapid economic transformation.