Guyana for US$500m lending purse from Afreximbank

Some of the delegates to the conference (Office of the President photo)

A US$500 million lending purse has been extended to Guyana by the African Export–Import Bank (Afreximbank) to assist this country in hastening its infrastructural development agenda, President of the Bank, Dr. Benedict Oramah announced yesterday.

In addition, local oil and gas support service businesses which currently endure long waiting periods for their cash, would be lent the owed sums in advance by the bank, Guyana’s President Irfaan Ali added, as he hailed the initiatives.