Japan provides US$2.9M in grant aid

Japan is providing US$2.9M in non-project grant aid to support economic and social development in Guyana.

Loans will be made available to the private sector at a reasonable rate of interest, while funds garnered from loan repayments will be allocated to developmental projects.

A release from the Government Information Agency (GINA) said that Minister of Foreign Affairs, Carolyn Rodrigues-Birkett on Monday signed the agreement with Japanese Ambassador, Yoshimasa Tezuka at Takuba Lodge, South Road and Shiv Chanderpaul Drive.

Rodrigues-Birkett said that this type of lending arrangement was not novel in Guyana, as it had been ongoing since 1987. Among the agreed list of items that can be purchased from Japan by private sector firms accessing the financing are civil engineering equipment and electrical power machinery necessary to complete infrastructural works.

Minister of Foreign Affairs, Carolyn Rodrigues-Birkett signing the US$2.9M agreement with Japanese Ambassador, Yoshimasa Tezuka at the Ministry of Foreign Affairs. (GINA photo)
Minister of Foreign Affairs, Carolyn Rodrigues-Birkett signing the US$2.9M agreement with Japanese Ambassador, Yoshimasa Tezuka at the Ministry of Foreign Affairs. (GINA photo)

She pointed out that this assistance was yet another manifestation of the friendly relations between the two countries. She noted that more than 90 percent of the vehicles on Guyana’s roads are Japanese-made. However, she declared that the government was also interested in having more of Guyana’s products exported to Japan.

Guyana has benefited from several developmental projects funded by Japan, including the construction of the New Amsterdam hospital, the Corriverton water supply project and the provision of scholarships.

Additionally, Japan had also provided resources to assist with rehabilitation works in the East Demerara Water Conservancy.

A release from the Embassy of Japan in Trinidad and Tobago said that Japan welcomes further opportunities to work with the government and people of Guyana, to strengthen the existing bonds of friendship and mutual understanding, especially in the Japan-Caricom Friendship Year 2014 which marks two decades since the first Japan-Caricom consultation in 1993.

A number of events are planned that will further enhance the Japan-Caricom relations in diverse fields such as culture, trade and tourism.

 

 

Latest in Local News

default placeholder

Gov’t sets out bid protest procedures

Following the setting up of a Bid Protest Committee (BPC), the Ministry of Finance today unveiled the procedures that bidders who are dissatisfied with how a contract has been awarded, must follow to have the award reviewed.

default placeholder

Eye care specialists to meet in Barbados next month

Eye care specialists from across the Anglophone, Dutch and Spanish-speaking Caribbean, North America and Europe will converge in Barbados in July for the 27th Congress of the Ophthalmological Society of the West Indies (OSWI).

default placeholder

Cases being built against drug kingpins

Outgoing Deputy Chief of Mission at the US Embassy here, Bryan Hunt has urged patience as it relates to indictments of local drug barons saying that cases are being built in the background that can guarantee convictions.

St Paul’s Anglican Church in Aurora

Aurora Village (Part 2)

Things in Aurora Village are much livelier than in Aurora Estate. Women walk in and out of the health centre with babies hanging from their hips; policemen stand outside the police station bracing against a wooden rail as they talk amongst themselves and shouts of chatter from children playing fill the air.

A Cessna 206 – the model of the planes flown out of Eugene F Correia International Airport, at Ogle yesterday

Probe launched into illegal Cessna flights from Ogle

The Guyana Civil Aviation Authority (GCAA) yesterday launched an investigation into the illegal flights of two aircraft from the Eugene F Correia International Airport, at Ogle, East Coast Demerara.

default placeholder

Broke City Hall seeks gov’t bailout

Debt-ridden City Hall has approached the government for a bailout after undertaking several Golden Jubilee projects it did not budget for.

Trevon Thomas

Youth of Guyanese parentage dies in BVI boat accident

A young man of Guyanese parentage died tragically in Tortola, British Virgin Islands around 10:00 hrs yesterday when the speedboat he was in hit rough waters and capsized.

Two of the better appointed stands at D’Urban Park (Stabroek News file photo/Keno George)

D’Urban Park bleachers to remain

The bleachers at D’Urban Park will not be dismantled as originally intended as government intends to preserve and improve the area and turn it into a facility for public events, President David Granger has said.

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Stay updated! Follow Stabroek News on Facebook or Twitter.

Get the day's headlines from SN in your inbox every morning: