Stakeholders yesterday used a Local Content consultation – primarily focused on the oil and gas industry – to request that government legislate for easier access to financing especially for small to medium size enterprises (SMEs).
“We have cases where companies have a contract but the requirement of collateral from banking institutions is hampering private sector development,” Director of ExxonMobil’s Centre for Business Development, Natasha Gaskin-Peters told the forum.
She explained that as Guyana’s economy changes all aspects must evolve and transform.