Banking body open to funding infrastructural projects

(From left) Executive Director of the Guyana Bank for Trade and Industry (GBTI)  Richard Isava and Executive Director, Bankers Association of Guyana, Steven Kissoon
(From left) Executive Director of the Guyana Bank for Trade and Industry (GBTI) Richard Isava and Executive Director, Bankers Association of Guyana, Steven Kissoon

The Bankers Association of Guyana has indicated to the government its willingness to finance infrastructural projects in the coming years

According to a Ministry of Public Works release yesterday, members of the banking association paid a courtesy call on the Minister within the Ministry, Deodat Indar, to discuss “financing options” available to borrowers who intend to pursue infrastructural projects in the coming years.

The visiting team included the Executive Director of the Guyana Bank for Trade and Industry (GBTI), Richard Isava; Executive Director, Bankers Association of Guyana, Steven Kissoon; and General Manager of Guyana/ American Merchant Bank, Pauline Singh. The Minister was supported by members of his staff including the Legal Advisor to the Ministry, Kiran Mattai.

The Bankers Association informed the Minister that finances are available to fund local infrastructural projects in the form of bridges, roads and infrastructural projects in the oil & gas sector.

Indar in turn expressed his appreciation at the association’s proactive approach and committed to continuing engagements with the banking body with regard to future infrastructural projects on the government’s agenda of that may require funding.