IDB Invest and Republic Bank (Guyana) Limited have partnered with Texila American University (TAU) to expand the university’s campus with new housing facilities for staff and students.
A release yesterday from IDB Invest – the private sector arm of the Inter-American Development Bank – said that the US$9 million financing package includes a senior loan of US$5 million from IDB Invest and US$4 million from Republic Bank.
The project is expected to see increased student enrollment of almost 73% by 2026 and a 20% rise in the number of students who graduate by the same year.
