Guyana Development Bank to finance businesses in 23 model villages

Guyana's government is transforming 23 communities into model villages, with the Guyana Development Bank joining a multi-agency effort to provide financing for local businesses. The initiative aims to expand business opportunities, create jobs, and build sustainable livelihoods, though specific financing terms and timelines remain unspecified. This marks a notable expansion of state-backed credit into rural development, potentially boosting local economic activity.