EU released $2b, not $19.8b

The Delegation of the European Union (EU) to Guyana today clarified that it released $2b in budgetary support to Guyana on Thursday and not $19.8b as had been said in an EU statement that day.

In a statement today, it said that 7.9 Million Euros was released as Budget Support to Guyana.

“While the amount in Euro and the conversion into USD were correctly announced, and correspond to the figures agreed with the authorities, the conversion into GYD was unfortunately wrong due to a typo in the briefing materials, and should have been approximately GYD 2 Billion. We sincerely apologize for this human error and any inconvenience caused”.

It is unclear why it took several days for an error of this magnitude to be corrected.