President Dr Irfaan Ali announces that commercial banks will provide more affordable financing for agricultural production, with support focused on medium- and large-scale farmers. Speaking at the inaugural Farmers’ Conference in Liliendaal, Greater Georgetown, he says the government is engaging banks to put in place preferential loan arrangements.
According to multiple outlets, the initiative involves targeted incentives intended to reduce borrowing costs for farmers seeking to expand their operations. Kaieteur News reports that Republic Bank commits resources toward preferential agricultural loans, while the Guyana Chronicle and INews Guyana describe the government’s ongoing engagement with commercial banks to shape lending on similar terms. The announcements are framed as part of efforts to help producers transition into higher-scale production, though the specific interest rates, eligibility criteria, and loan terms are not detailed in the reports.
