The United States used its voting power in October on the Board of the Inter-American Development Bank (IDB) to deny Guyana Shore Base Incorporated (GYSBI) a US$180 million loan after it had gone through a two-year approval process, a move that has grave implications for Guyana’s developmental trajectory, according to the Company’s Executive Director Robin Muneshwer.
The company had approached the IDB for financing to facilitate its expansion plans to service the growing oil and gas sector and went through all the regulatory phases.
