The GCCI Commending the government’s initiatives for economic advancement through business development

The Georgetown Chamber of Commerce and Industry (GCCI) recognises the Government of Guyana’s  strategic and decisive actions to bolster economic advancement through business development by  creating accessible financing and banking options, and modernising the stock exchange. The Chamber  eagerly anticipates the positive impacts that the implementation of these decisions will have on the  business community, particularly Micro, Small and Medium-sized Enterprises (MSME).  

At the GCCI’s recently held ‘Energy Insights Breakfast Brief’ by His Excellency, Dr. Mohamed Irfaan  Ali announced that the reports from the technical teams on these pursuing endeavours will be completed  within this month. With the inclusion of US$200 million in seed funding, mechanisms for more  accessibility of bank accounts for citizens, and an interest-free development bank in these planned  initiatives, the Chamber welcomes this renewed focus on private sector development. Timely, too, is the  planned modernisation of the stock exchange, which will create new avenues for Guyanese to invest  through the purchase of stocks, and the creation of new potential capital streams for businesses.  

The formal announcement of these initiatives follows several meetings hosted by His Excellency Dr. Ali  with representatives of business support organisations, as well as stakeholders of the finance industry.  The GCCI is pleased that the Government is acting with urgency in addressing the challenges raised by  the private sector while creating the framework for a thriving business landscape. The Chamber remains  committed to collaborating with the Government for the progressive development of the private sector.