GYSBI has disputed a claim made yesterday by IDB President Mauricio Claver-Carone that financing of its oil and gas shore base had been turned down in October last year over design concerns.
Claver-Carone made this contention at an Inter-American Development Bank (IDB) media roundtable in response to a question from Stabroek News.
He said that the Guyana Shore Base Incorporated’s (GYSBI) US$130m loan proposal was rejected by the Board of the IDB because of design concerns but that the bank was still working with the company and the Guyana Government as it revisits the project.
