Latest update May 20th, 2026 12:35 AM
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Citi to open representative office in Guyana
(Kaieteur News) – Citi on Friday announced its intention to establish a representative office in Guyana, subject to regulatory approval from the Bank of Guyana. According to a press release, the bank said that the move is driven by “Guyana’s exponential economic growth, particularly in infrastructure and export financing, and its increasingly attractive investment climate.”
“With a well-established presence in over 90 countries and jurisdictions across the globe, Citi aims to leverage its extensive scale and expertise to contribute significantly to the Guyanese economy,” the statement said.
Minister of Finance Dr. Ashni Singh (centre) with representatives of Citi.
The opening of a representative office in Guyana will enable Citi to help its clients and partners access global markets and help support the growth, development and financial infrastructure of the country.
“We are very excited about the prospect of establishing a presence through a representative office in Guyana,” said Pablo del Valle, Citi’s Head for Central America and Caribbean. “Guyana’s growth trajectory and vibrant investment landscape, present a compelling opportunity for Citi, and further complement our unmatched global network. We are committed to working closely with the Bank of Guyana and other stakeholders to build strong and lasting relationships.”
Meanwhile, the Ministry of Finance in a statement said it welcomes the establishment of the bank noting that it is an expression of confidence in the country’s development.
Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni K. Singh said the move by one of the world’s largest financial institutions is a clear testament to the rapidly expanding opportunities in Guyana and the strong international confidence in the country’s economic trajectory.
“The attraction of major global companies like Citi is a direct result of the strong leadership of His Excellency President Dr. Mohamed Irfaan Ali in positioning Guyana as a premier and stable destination for international investment. This development also underscores the PPP/C’s Government’s efforts to engage with the global community and build a resilient, modern, and diversified economy.,” the ministry said.
Further, the Ministry of Finance noted that the establishment of Citi’s representative office is also a direct result of the tabling and successful piloting of the Financial Institutions (Amendment) Bill 2024, by Dr. Singh in February.
The amendment allows for the establishment of representative offices by foreign financial institutions and is in keeping with Government’s broad agenda to build and strengthen the legal framework and modernise the country’s banking sector.
“This new development will provide immense benefits for the Guyanese economy. It will help facilitate greater access to global financial markets for Guyanese businesses, and introduce new, sophisticated financial products and services to Guyana’s market. This new presence will bolster Guyana’s financial infrastructure and contribute significantly to the country’s ongoing development.”
Citi describes itself as a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States.
Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
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