Guyana has been granted a US$9 million Inter-American Development Bank (IDB) loan to help strengthen the economy and stimulate exports and investments.
A press release issued yesterday by the IDB said the loan is expected to help reduce market access costs for non-traditional exporters and increase their shipments.
Of the project’s total cost, the release said, US$4.5 million comes from the Bank’s ordinary capital and the remaining US$4.5 million from its Fund for Special Operations (FOE).
