China provides $1b grant to Guyana

Finance Minister Dr Ashni Singh (left) and Chinese Ambassador to Guyana Zhang Limin exchanging documents. (GINA photo)

Chinese Ambassador to Guyana Zhang Limin and Minister of Finance Dr Ashni Singh on Friday signed a technical and economic cooperation agreement for the provision of 30 million Renminbi ($1B).

The minister and the ambassador also exchang-ed documentation regarding the donation of a mobile container scanner for the Guyana Revenue Authority (GRA).

“We hope that the grant will be useful and help contribute to the development of the social and economic [life] of Guyana,” said Limin.

“Though the grant is not a big amount, these types of grants embody