By INEWS
Copyright inewsguyana
Banks across the country have been tasked with developing a plan that will simplifying basic access and services to citizens.
That plan is due to be submitted to President Dr Irfaan Ali within four weeks.
Addressing a press conference on Tuesday, President Ali spoke about his recent meeting with stakeholders in the financial sector. Among the representatives present at that meeting were heads from various commercial banks, Governor of the Bank of Guyana Dr Gobind Ganga, Head of the Private Sector Commission (PSC) Gerald Gouveia Jr, and other stakeholders.
The stakeholder group is expected to present a report to the Head of State outlining what the financial sector requires to realise the government’s vision for a digital economy.
According to President Ali, “they’ll be looking at making it easier for persons to open a bank account in terms of simplifying the documentary requirement, making borrowing easier by reducing the documentary requirement especially from new businesses, encouraging more lending using moveable assets for which the legal framework has been established…”
He noted too that the stakeholders were tasked with developing a plan to ensure they promote more electronic transactions via online banking and faster payment systems.
“…ensuring every Guyanese at the end of this whole modernisation can conduct a financial transaction within minutes from wherever they are,” the president emphasised.
