Work towards the creation of a Secured Transaction Regime in Guyana is being accelerated through a collaborative arrangement between the Government of Guyana and the Inter-American Development Bank. (IDB).
Arising out of a briefing by the Ministry of Business, this newspaper has learnt that the Government of Guyana has concluded engagements with an IDB consulting team that will hasten the pace of progress towards the creation of a sound Secured Transaction Regime (STR’s) here.
Widely regarded as a critical tool in the conduct of business in developing countries, STR’s provide lenders with ready access to collateral in the form of moveable assets thereby increasing enterprises’ access to credit.
