Government is persisting in its efforts to recoup billions of dollars in outstanding loans granted by the now wound-up Guyana National Cooperative Bank, (GNCB) and has considerably reduced the amounts, according to Keith Burrowes, who heads Guyana Cooperative Financial Services (GCFS), the agency set up by government to administer debt collection.
In an interview with Stabroek Business earlier this week, Burrowes said the GCFS has made “considerable progress” in debt-collection on behalf of the government. “We have managed to recover many loans which might have been considered irrecoverable. The debt recovery process actually takes the view that debtors with businesses that make
