The Tourism & Hospitality Association of Guyana (THAG) extends its warmest congratulations to His Excellency President Dr. Mohamed Irfaan Ali and the Government of Guyana on the historic launch of the Guyana Development Bank.
The establishment of this institution represents an important milestone in Guyana’s development and a significant step towards expanding access to financing, stimulating entrepreneurship, strengthening small and medium-sized enterprises, and creating opportunities for more Guyanese to participate meaningfully in our country’s economic transformation.
For the tourism and hospitality sector, access to affordable financing is especially critical. Our industry is driven by entrepreneurs, from hotels, resorts, lodges and restaurants to tour operators, transportation providers, attractions, community tourism enterprises and the many small businesses that form part of the tourism value chain.
THAG therefore welcomes the Guyana Development Bank as an important new avenue through which businesses can invest, expand, innovate and improve the quality and competitiveness of their products and services.
As Guyana continues to establish itself as an emerging tourism destination, increased access to capital must go hand in hand with capacity building, innovation, sustainability and the development of internationally competitive businesses. We are particularly encouraged by the focus on supporting small and medium-sized enterprises, young entrepreneurs, women and other emerging business owners.
The launch of the Guyana Development Bank is therefore more than the establishment of another financial institution. It represents an investment in Guyanese enterprise, Guyanese ideas and Guyanese potential.
THAG looks forward to working with the Government of Guyana and the Guyana Development Bank to ensure that tourism and hospitality businesses across the country are positioned to access these opportunities and contribute to employment, community development, economic diversification and the continued growth of Destination Guyana.
Congratulations on this significant national milestone.
(Tourism & Hospitality Association of Guyana (THAG) Press Release)