Govt. packs development bank board with PPP-aligned members
The Government of Guyana has appointed a seven-member board to lead the Guyana Development Bank. This bank will distribute 20 billion dollars in loans to eligible citizens. These specific loans require no collateral and carry zero interest. Abu Zaman will serve on the board and currently chairs a committee for the Natural Resource Fund. Critics argue that the government has filled the board with members aligned with the PPP party. The bank aims to spur local economic growth through accessible credit. The board will now manage the allocation of these funds.
(Kaieteur News) – The Government of Guyana (GoG) has announced a seven-member board of directors to manage the Guyana Development Bank (GDB) where $20 billion in zero interest and zero collateral loans will be distributed to eligible citizens. Abu Zaman who currently chairs the Public Accountability and Oversight Committee of the Natural Resource Fund (NRF) has […] The post Govt. packs development bank board with PPP-aligned members appeared first on Kaieteur News .