Government Welcomes Citi’s Plan to Establish Representative Office in Guyana
-Move reflects strong global confidence in Guyana’s economy and progressive financial reforms
October 31, 2025 – The Government of Guyana has welcomed Citi’s announcement of its plan to establish a representative office in Guyana, describing the move as a major signal of growing global confidence in the country’s robust and rapidly expanding economy.
Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni K. Singh, noted that Citi’s decision reflects the success of the Government’s ongoing efforts, led by His Excellency President Dr. Mohamed Irfaan Ali, to position Guyana as a premier and stable destination for international investment. The move also underscores the administration’s commitment to modernizing the financial sector and strengthening the legislative framework that supports economic growth.
A Ministry of Finance press statement noted that Citi’s entry into the local market follows the passage of the Financial Institutions (Amendment) Bill 2024, piloted by Dr. Singh earlier this year. The amendment allows foreign financial institutions to establish representative offices in Guyana, advancing the Government’s broader agenda to build a resilient and globally integrated banking system.
The establishment of Citi’s representative office is expected to deliver major benefits to the local economy. It will expand access to global financial markets for Guyanese businesses, introduce more advanced financial products and services, and further develop the country’s financial infrastructure. These improvements will enhance the competitiveness of Guyana’s financial sector while supporting the Government’s long-term goal of building a diversified and modern economy.
Citi’s regional leadership has also recognized Guyana’s dynamic growth trajectory and investment potential, highlighting the country as an attractive market that aligns with the institution’s global reach and strategic objectives.
The Ministry of Finance emphasized that the Government remains fully committed to working closely with both local and international partners to encourage investment, promote innovation, and create an enabling environment for sustainable business development.
Citi’s planned establishment marks a significant milestone in Guyana’s financial evolution and demonstrates the continued confidence of leading global institutions in the country’s stable governance, sound policy direction, and long-term economic prospects.
