-to finance small, medium enterprises

The Inter-American Invest-ment Corporation yesterday approved a US$2M ($400M) loan to Demerara Bank Limited to launch a programme that will provide Guyanese companies with medium and long term financing in US dollars.

According to a press release from the IIC through the Inter-American Develop-ment Bank’s (IDB) George-town office, with the loan, the IIC will provide Demerara Bank Limited with its first long term foreign currency loan from a multilateral organisation.