– President Ali
Teachers across the country will benefit from special rates for housing loans, as negotiations with several banks are underway to establish a mechanism offering low-interest rates to facilitate homeownership.
This is according to President, Dr Mohamed Irfaan Ali who made the announcement during an address to the nation on Sunday, highlighting numerous interventions made by the government since 2020 to improve the lives of teachers.
In October of last year, the head of state convened a meeting with headteachers and teachers from eleven education districts, allowing them to deliberate on the state of the education system, identify challenges, and collaborate on implementing solutions.
It was during this gathering that the president initially announced the forthcoming implementation of this system.
READ MORE: Negotiations ongoing for special housing loans for teachers – DPI Guyana