Guyana is set to benefit from a further debt write-off of $50M this year from the Russian Government, after having already had a debt of US$16.3M or $3B from that country cancelled.
Russian Ambassador Nikolay Smirnov made this announcement in his feature address at a recent quarterly luncheon hosted by the Guyana Manufacturing and Services Association (GMSA) at the Regency Hotel.
“We have written (off) the debt of Guyana to former Soviet Union which was (US)$16M and we have finalized this process which is more than $3Billion Guyanese dollars is written off in 2007 so the
