2026.02.18
Through the Trust Fund Achieving Development in Latin America and the Caribbean (TADAC*) invested by the Japan International Cooperation Agency (JICA), the Inter-American Development Bank’s investment arm (IDB Invest) signed a loan agreement with Private Enterprise Development (IPED), Guyana’s leading non-bank financial institution to expand access to finance for micro and small enterprises (MSEs) in the country.
Guyana’s economy is projected to grow by 14% annually over the next five years. In this context, microfinance institutions like IPED play a critical role in enabling micro and small enterprises to participate in emerging supply chains and benefit from the country’s economic transformation. The operation will help IPED diversify its funding sources and expand access to finance with a focus on women, youth, and rural entrepreneurs. The project is expected to contribute to job creation, financial health, and sustainable development in one of the world’s fastest-growing economies.
(*Note)
JICA invests up to USD1.5billion in the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). The Fund is established within IDB, the largest development finance institution in Latin America and the Caribbean region, and managed by IDB Invest, the private sector investment arm of the IDB Group. TADAC will co-finance with IDB Invest to support private sector initiatives that contribute to the achievement of the SDGs. This investment aims to reduce the SDGs financing gap in the region, thereby contributing to its sustainable socioeconomic development.
An entrepreneur financed by IPED
The project outline is explained below.
- Borrower
Institute of Private Enterprise Development (IPED)
- Country (Target Areas)
Co-operative Republic of Guyana
- Loan Amount
2.5 million USD
- Project Title
Project for Financial Access Improvement of Micro and Small Enterprises
- Project Purpose
The project aims to improve access to finance for micro and small enterprises in the Co-operative Republic of Guyana by diversifying IPED’s funding sources, thereby contributing to inclusive growth and job creation in the country.
- Project Component
The financing under the project will be allocated to IPED’s loans to micro and small enterprise operators such as women, youth and rural entrepreneurs. IDB Invest will also support a market research to strengthen such IPED’s financing capacity.
- Contribution to SDGs
Goal 8 (Decent work and economic growth)
Goal 9 (Industry, innovation and infrastructure)
Goal 10 (Reduced inequalities)
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