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Nearly 30 years after the first merchant bank was licenced in Guyana, the New Hayven merchant bank has been launched with the promise to help small businesses secure much-needed finance and to aid the country’s transformation agenda. The licence was granted to the United States (US) based Guyanese, Floyd Haynes, who has served on Guyana’s local content advisory panel and leads the cost recovery audit team for ExxonMobil’s activities in the prolific Stabroek Block. At the launch of the bank on Thursday night, Haynes said that new financing and new financing services are needed as Guyana develops and capital is crucial to fund the government’s aggressive transformative agenda across the country. President Dr. Irfaan Ali also believes that such services are crucial at this juncture of Guyana’s development.