The Guyana Government and the IDB yesterday clinched a US$90m loan deal which will see the upgrading of at least 19 primary schools and the building of six new ones.
On the margins of the Inter-American Develop-ment Bank’s (IDB’s ) Twelfth Annual Consulta-tions with Caribbean Governors which opened yesterday at the Marriott Hotel in Georgetown, Senior Finance Minister Dr. Ashni Singh and visiting IDB President Ilan Goldfajn signed the deal.
A release from the Ministry of Finance said that the US$90m is the first approved tranche of a Conditional Credit Line for Investment Projects (CCLIP) up to the amount of US$150m under which individual loan operations will be processed.
