IDB backing govt’s pursuit of robust oil and gas governance structures

President David Granger (second from right) with Inter-American Development Bank (IDB) President Luis Alberto Moreno (second from left), Finance Minister Winston Jordan (right) and IDB Resident Representative Sophie Makonen

Even as the Inter-American Development Bank (IDB) continues to play a high-profile role in the creation of robust energy governance structures for Guyana ahead of the start of the country’s oil recovery programme and the recovery of returns therefrom, the Bank’s president, Luis Alberto Moreno, has signalled the institution’s satisfaction with the stewardship of the coalition administration in its pursuit of the realisation of those structures.

During a meeting with President David Granger at State House on Monday, Moreno declared that the Bank remained “side by side” with the coalition administration as it continued to “push forward” towards oil recovery and the transformation of the resource into economic wealth, a media release issued by the Public Information and Press Services Unit said at the conclusion of the meeting.

The release, which quoted extensively from Moreno’s presentation during his engagement with President Granger quoted him as saying that the Bank has been “privileged” to work with the Guyanese president “as you prepare things that are so timely like your Sovereign Wealth Fund.” ….

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