Gov’t now considering proposals for funding from China’s Caricom grants

Seven months since President of China Xi Jinping committed some US$3 billion to the Caribbean region the Government of Guyana is yet to submit proposals for funding and these are only now being considered, said Minister of Finance Dr Ashni Singh.

At a meeting in Trinidad in May this year, President Xi pledged a sum of US$1.5 billion as a grant for development and US$1.5 billion as loans for infrastructure projects to countries of the region. President Donald Ramotar attended the meeting, along with Minister of Finance Dr Ashni Singh and Minister of          Foreign Affairs Carolyn Rodrigues-Birkett.

On Friday, Stabroek News asked Minister Singh what the status of Guyana’s application for