Citi says its newly opened representative office in Georgetown will connect clients and partners to global markets while supporting Guyana’s economic development and strengthening the country’s financial infrastructure.
The United States banking giant formally inaugurated the office this week, months after receiving regulatory approval from the Bank of Guyana to establish a presence here.
The United States Embassy, which hosted a reception at the residence of Ambassador Nicole Theriot to mark the inauguration, said Citi was the first international bank to establish a representative office in Guyana.
The embassy said the development reflected growing confidence in the country’s economic trajectory.
“Citibank’s decision to establish a representative office reflects confidence in Guyana and the opportunities its rapidly growing economy offers,” Theriot said.
She added that strong financial institutions would be essential as Guyana’s economy expands and becomes more integrated into global markets.
“Citi’s presence will help strengthen connections between Guyanese businesses and international capital, support investment and trade, and bring global expertise to a growing private sector,” the ambassador said.
The embassy said the United States remained committed to deepening its commercial relationship with Guyana and supporting partnerships that create opportunities, strengthen institutions and contribute to sustainable economic growth.
Citi has said its decision to establish a presence here was influenced by Guyana’s economic growth, particularly in infrastructure development and export financing. It intends to use its international reach and expertise to support investment and development.
The institution said the local presence would improve the delivery of its products and services and strengthen its engagement with the government, state agencies, financial institutions and private businesses.
In a May 29 statement announcing that regulatory approval had been granted, Julio Figueroa, Citi’s Head of Latin America, said the institution had maintained a relationship with Guyana for almost three decades without an office in the country.
He said the office was strategically established to improve the delivery of products and services and strengthen Citi’s partnerships with the government, its agencies, financial institutions and the private sector.
President Irfaan Ali, speaking at the formal opening on Monday evening, said the office “opens a door between Guyana and the international financial architecture” through which capital, partnerships and opportunities could flow.
Ali said Citi’s decision to establish an office here signalled the institution’s confidence in Guyana and the country’s growing standing within the international financial community.
The opening followed Citi’s October 2025 announcement that it intended to establish a representative office, subject to regulatory approval. The institution had cited Guyana’s economic growth, infrastructure and export-financing needs and investment climate as factors behind the decision.
Citi describes itself as a leading banking partner for institutions with cross-border needs and a global provider of wealth-management and other financial services. It operates in more than 180 countries and jurisdictions.
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