Finance Minister Dr Ashni Singh yesterday confirmed that the European Union (EU) has approved €25 million in budgetary support, however no funds have been received as yet.
Singh said “no credible reasons” have so far been given as to why the EU has not made the payment to the government. Instead Singh stated that there have been “spurious” reasons, but there was no indication prior that the EU would be withholding any funds.
At a press conference held at NCN, Singh stated, “We have, in writing, confirmation that we have discharged all of our obligations associated with qualifying for those payments…. We’ve taken the necessary actions we have implemented the necessary conditions…”
He said Guyana has met its obligations, expanding that the EU used independent benchmarks as a grading system.
