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In October 1983, the Grameen Bank was authorized by national legislation to operate as an independent bank. The bank grew significantly between 2003 and 2007. As of January 2022, the total borrowers of the bank number nearly 9.5 million, and 96.81% of those are women. [8] In 1998, the Bank's "Low-cost Housing Program" won a World Habitat Award.
With the help of Grameenphone, Grameen Telecom operates the national Village Phone program, alongside its own parent Grameen Bank and the International Finance Corporation (IFC), acting as the sole provider of telecommunications services to a number of rural areas. Most Village Phone participants are women living in remote areas. Village Phone ...
Grameen Shikkha or Grameen Education was established in 1997 to promote mass education in rural areas, provide financial support in the form of loans and grants for the purpose of education, use IT for alleviation of illiteracy and development of education, promote new technologies and innovate ideas and methods for development of education ...
The Ministry of Legal Affairs and Attorney General's Chambers ensures that proper legal services are provided to the Government of Guyana, as well as statutory services to the public. The Attorney General and Minister of Legal Affairs is the head of the chambers. [ 1 ]
In the 20th century, crime in Guyana was not properly documented, however the country was known to be extremely dangerous and violent [citation needed].The chart below shows the Guyanese homicide rate from 1990 until 2020, [1] where Guyana reported a peak intentional homicide rate of 28 murders per 100,000 in 2003 and a low of 10 murders per 100,000 in 2000.
Republic Bank acquired Scotiabank in 2019, which increased Republic Bank's share of Guyana's assets and deposits to 51%. [16] Bank of Baroda announced plans to sell off their Guyana operations, but reversed their decision, possibly due to the discovery of off-shore oil as motivation to stay in the country. [17]
In 2005, he was appointed Guyana's High Commissioner to India, and subsequently Bangladesh [9] in 2015, he was also appointed Guyana's High Commissioner to Bangladesh. [10] He served in both roles until after the 2015 Guyanese general election. Ronald Gajraj died on 15 December 2018 following a short illness. [11]
In 1987 [1] a Grameen program opened up in a country other than Bangladesh – Malaysia – and soon micro-credit banks based on the Grameen bank appeared in countries such as the Philippines, India, Nepal, Vietnam, China, Latin America, Africa, the United States, and Europe. The micro-finance model of Grameen has proved versatile and has ...