Guyana gets US$2.4M CDF loan to upgrade roads, farmlands

Minister of Finance Winston Jordan (left) and CEO of the Caricom Development Fund Rodinald Soomer following the signing of the loan agreement. (GINA photo)

The Government of Guy-ana has signed a US$2.4M loan with the Caricom Development Fund (CDF) which will be used in the agri sector to upgrade roads and agricultural lands.

According to a Govern-ment Information Agency (GINA) report, the loan, the agreement of which was signed on Wednesday by the Minister of Finance Winston Jordan and new CDF Chief Executive Officer Rodinald Soomer, follows a US$9.1M in funding already granted to Guyana in July, 2013, under the same fund.

Under this current loan agreement, 12 kilometres (km) of asphaltic concrete roads will be