The Government of Guyana yesterday signed an agreement for €14.4 million (approximately $4.1 billion) in budget financing from the European Union (EU) to bolster the country’s sea and river defences.
To qualify for this funding though, government is first required to invest in excess of $5.5 billion over the next three years to satisfy the eligibility criteria.
The funds are being made available under the 10th European Develop-ment Fund (EDF) Sea and River Support Programme, the Financing Agreement for which was signed by Finance Minister Ashni Singh and witnessed by Works Minister and EU Ambassador to Guyana Robert Kopecký in the Finance Ministry
