The Inter-American Development Bank (IDB) has approved a US$90 million loan to contribute to human capital development in Guyana and six new primary schools are to be built.
According to a release from the IDB yesterday, the loan which was approved by the Board of Executive Directors is designed to expand access to safe and improved learning environments and enhance educational services for vulnerable students in Guyana. Further, this is the first individual operation of a conditional credit line for investment projects (CCLIP) valued at US$150 million.
The release explained that this first project supports the foundation for transforming Guyana’s education sector by improving the quality of the service and addressing regional differences in the delivery of education in the country.
