IDB approves US$17.2M environment loan

The Inter-American Development Bank (IDB) last week approved a US$17.2M loan for Guyana that is to be used to strengthen the environmental sector but the Working People’s Alliance (WPA) has expressed concern that it was done in the absence of National Assembly.

The loan was approved on February 11, 2015 and is the second of a two-operation Programmatic Policy Based Loan (PBP) directed at strengthening the environmental sector in Guyana. The first operation in the PBP series was approved on December 4th, 2013 for US$16.92 million.

According to IDB