An initiative of the Ministry of Tourism, Industry and Commerce, in collaboration with the Ministry of Legal Affairs and the Commercial Registry, with support from the Inter-American Development Bank (IDB).
The Ministry of Tourism, Industry and Commerce (MINTIC) is pleased to announce the full operationalisation of Guyana’s Collateral Registry, a landmark development in advancing financial inclusion, transparency, and security within the country’s business environment.
The registry, established under the Security Interest in Movable Property Act, No. 20 of 2024, allows individuals and businesses to use movable property such as vehicles, equipment, inventory, consumer goods, farm products, petroleum or minerals, and receivables as collateral when seeking loans or credit.
MINTIC has worked collaboratively with the Attorney General and Minister of Legal Affairs and the Commercial Registry to bring the Collateral Registry into full operation. With the system now active, banks, automotive dealers, retail suppliers, and other credit-based businesses can register their security instruments directly through the Collateral Registry, facilitating more efficient, transparent, and enforceable credit transactions across Guyana’s financial sector. This will simplify lending processes and ensure that financial institutions and borrowers operate within a clear and reliable legal framework.
The Honourable Minister Susan Rodrigues notes that the establishment of the Collateral Registry marks another important milestone in the Government’s agenda to create a more inclusive, efficient, and modern financial system. She emphasises that the initiative forms part of the Government of Guyana’s broader efforts to improve access to credit particularly for small and medium-sized enterprises (SMEs), women entrepreneurs, and vulnerable groups by expanding the range of assets that can be used to secure financing.
Minister Rodrigues also highlights that this achievement represents a major milestone in the Government’s digital transformation agenda within the financial sector, reflecting its commitment to modernising systems, enhancing efficiency, and promoting greater accessibility to financial services across Guyana.
The Honourable Minister, Susan Rodrigues expresses her sincere appreciation to the Inter-American Development Bank (IDB) for its financial and technical support in funding this important initiative, and to Consultants IOS Partners and Dr. Tom Johnson, for their outstanding technical assistance and collaboration in its successful implementation.
Special thanks to the Ministry of Legal Affairs team, including the Attorney General Hon. Minister Anil Nandlall, S.C., Mr. Reza Manraj, Registrar of Commerce and Ms. Ananda Dhurjon, Legislative Drafting Consultant, as well as the Team from the Ministry of Tourism, Industry and Commerce, Mrs. Safrana Cameron-Baird, Director of Commerce, and Ms. Alicia Robertson, Legal Officer, for their invaluable partnership, technical expertise, and commitment in implementing this transformative reform, which benefits citizens, businesses, and financial institutions across the country.
