To further empower Guyana’s entrepreneurial class, President Dr. Irfaan Ali Sunday announced a US$200 million fund to support small and medium-sized enterprises (SMEs), should the People’s Progressive Party/Civic (PPP/C) be re-elected in the upcoming General and Regional Elections.

The announcement was made during a massive rally at Albion Estate, where the Head of State outlined a vision for inclusive economic growth, driven by accessible financing and business support.

Under the initiative, a new Development Bank will be established and SMEs will benefit from 0% equity-matched support.

Borrowing costs will be reduced from 6 % or 7% to 3% interest and collateral requirements will be eliminated, making capital more accessible

President Ali stressed that the fund will create a more level playing field, allowing every Guyanese with a viable idea to access financing and grow.

“We are not waiting for global investors alone. We are co-investing in our people,” the President said.

This announcement follows the government’s continued efforts to build a diversified economy and ensure all Guyanese benefit from the country’s transformation.