President Dr. Mohamed Irfaan Ali assents to the Guyana Development Bank Act 2026 on Thursday, bringing the legislation into force. Both outlets report that the Act is aimed at creating and enabling the operationalisation of a new financial institution in Guyana. The stated purpose is to expand access to financing, along with accompanying technical support, for small and medium-sized enterprises (SMEs) across the country. The coverage also notes that the Act was passed by Guyana’s National Assembly prior to the President’s approval. According to the reports, the new bank is expected to provide not only funding opportunities but also mentorship and technical support services to help SMEs develop and grow. The assenstion marks the legal step required to establish the institution and begin the process of putting it into operation. No further details about the bank’s structure, leadership, or timeline for launch are included in the provided excerpts.
President Ali assents to Guyana Development Bank Act, setting up new SME-focused institution
President Dr. Mohamed Irfaan Ali assents to the Guyana Development Bank Act 2026 on Thursday, bringing the legislation into force. Both outlets report that the Act is aimed at creating and enabling th...
- President Dr. Mohamed Irfaan Ali assents to the Guyana Development Bank Act 2026.
- The Act brings the legislation into force and enables the establishment of a new financial institution.
- The bank is intended to expand financing and technical support for small and medium-sized enterprises (SMEs).
- Both reports say the Act was passed in the National Assembly before Presidential assent.
- The reports describe mentorship and technical support as part of the intended services for SMEs.
PRESIDENT Dr Irfaan Ali on Thursday assented to the Guyana Development Bank Act 2026, paving the way for the establishment and operationalisation of a new financial institution aimed at expanding access to financing and technical support for small and medium-sized enterprises across the country. The Act, which was passed in the National Assembly on […]
3 hours agoDPI – President Dr Mohamed Irfaan Ali on Thursday assented to the Guyana Development Bank Act 2026, officially bringing into force the legislation that establishes the country’s newest financial institution and paving the way for thousands of small and medium sized businesses to access financing, mentorship and technical support. The Act, which was passed in […] The post President Ali signs Guyana Development Bank Act into law appeared first on Kaieteur News.
8 hours ago
Thousands of migrants cross into Spain’s Ceuta from Morocco as deaths reported
Thousands of migrants enter Spain’s north African enclave of Ceuta from Morocco after a large-scale breach of the border...
Saudi Arabia reportedly prepares naval and possible land offensive against Houthis
Multiple outlets report that Saudi Arabia is preparing for military action against the Houthis in Yemen, using both sea...
PSNI renews £20,000 appeal for information in Lyra McKee murder investigation
The PSNI renews an information appeal in connection with the murder of journalist Lyra McKee, offering a reward of £20,0...