The Private Sector Commission (PSC) will deepen collaboration with the Inter-American Development Bank (IDB) as efforts intensify to close financing and development gaps facing small businesses in Guyana.
PSC Chairman Captain Gerald Gouveia Jr. told the Commission’s Annual General Meeting on Friday that the IDB has reaffirmed its commitment to strengthening the capacity of local companies and improving access to international investment opportunities.
He noted that IDB Regional Director Darryl White has pledged continued support through the PSC’s Business Support Desk to help prepare Guyanese firms for financing from IDB Invest and IDB Lab, targeting start-ups and smaller enterprises.
Gouveia said the initiative underscores broader cooperation between the IDB and global financial institutions aimed at positioning Guyanese businesses for investment readiness.
“The capital is available, but businesses must be prepared for it, and the PSC will work with you,” he said.
He added that the PSC is assisting firms to strengthen governance, financial reporting, project documentation and compliance, as well as social and environmental standards.
IDB Invest Chief Executive James Scriven said last month the bank is increasing capital deployment in Guyana, citing strong economic growth and a pipeline of scalable private sector ventures.
The IDB is also expanding its local presence and staffing as it scales up financing operations in the country.
