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National Cooperative Commercial Banking and Development Strategy in Guyana

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  • Kempe R. Hope

Abstract

. The evolution of the cooperative movement in Guyana resulted in the adoption of a new development strategy. In it a leadership role is given to a new type of government bank, the Guyana National Cooperative Bank. Its mission is to protect and nurture the developing country's cooperative societies, organized mostly on Rochdale principles or on those of the Scandinavian marketing cooperatives. Basically a development savings bank, the GNCB is also an organ through which the Government is minimizing the role of foreign banks in the export sector of the national economy.

Suggested Citation

  • Kempe R. Hope, 1975. "National Cooperative Commercial Banking and Development Strategy in Guyana," American Journal of Economics and Sociology, Wiley Blackwell, vol. 34(3), pages 309-322, July.
    • Handle: RePEc:bla:ajecsc:v:34:y:1975:i:3:p:309-322
    DOI: 10.1111/j.1536-7150.1975.tb01190.x
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