Muneshwers clinches US$4m IDB Invest loan for crane

From left are Robin Muneshwer, Finance Minister Dr Ashni Singh, General Manager of the Caribbean Country Department of the IDB Tariq Alli and IDB Country Representative Lorena Solorzano-Salazar (Ministry of Finance photo)

Senior Finance Minister Dr Ashni Singh yesterday oversaw the signing of a historic US$4m loan agreement between Inter-American Development Bank (IDB) Invest and Muneshwers Limited for a mobile crane which will see its wharf being modernized.

“I think it goes without saying that this is an incredibly exciting time in Guyana’s economic history. The country is undergoing unprecedented economic growth. We are going to be growing by more than 25% over the medium term, easily by more than 25% in the next three to four years. This has catalyzed the remarkable expansion in the non-oil economy,” Dr Singh said, according to a release from the Ministry of Finance.