Banks find forestry sector too ‘high risk’ – loggers say

Some of the timber stakeholders at a meeting held on Monday to discuss financing for the forestry sector.

Players in Guyana’s forestry sector find it difficult to access bank loans, seemingly because it’s a high-risk industry and on Monday government brought the two sides together, as a means of paving the way to a mutually beneficial agreement.

“There is money to be made in the forestry sector and it is a great initiative to come up with attractive instruments,” so investors can have access to capital and expand, said Minister of Natural Resources, Robert Persaud.

Stakeholders and representatives of the timber and banking industries met at the Sleep Inn Hotel Boardroom, Brickdam, to