EU discussing $640m funding for Guyana

By Stabroek News On In Guyana News |
Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh (right) with EU Ambassador to Guyana Dr. Fernando Ponz Cantó at the meeting.
Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh (right) with EU Ambassador to Guyana Dr. Fernando Ponz Cantó at the meeting.

Guyana and the European Union (EU) have begun discussions on a $640m (€2.73m) technical cooperation facility to mitigate the impact of the COVID-19 pandemic.

A joint Guyana-EU release yesterday said that the facility was discussed on November 17 when the two sides met at the Arthur Chung Conference Centre.

Under the new Technical Cooperation Facility valued at €2.73M,  Guyana will benefit from support for the implementation and development of policies to mitigate the impact of the COVID-19 pandemic. Possible areas of support include health, livelihood development, biodiversity, forestry, governance and public financial management, the release said.