Demerara Distillers Limited (DDL) yesterday clinched a US$22m loan from the private sector arm of the IDB which will allow it to boost output of milk and juice while also diversifying its energy mix.
The signing took place at DDL and was overseen by Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh.
A release from the Ministry of Finance said that the Inter-American Development Bank’s (IDB’s) Resident Representative Lorena Solorzano-Salazar and Division Chief of Corporates, Aitor Ezcurra pointed out during their remarks that the transaction will assist DDL in energy diversification, broadening of the products it offers as well as an expansion of its labour force.
