Senior Finance Minister, Dr. Ashni Singh today signed a Memorandum of Understanding (MoU) with the Islamic Development Bank (IsDB) concerning the Country Engagement Framework for Guyana. This is expected to support green, resilient and sustainable infrastructure as well as support economic diversification and doing business.
The minister is currently in Saudia Arabia leading Guyana’s delegation at the2023 Islamic Development Bank (IsDB) Group Annual Meetings. Signing the MoU on the IsDB’s behalf was its President Dr. Muhammad Al Jasser.
The MoU comprises two pillars with the first under the scope of green, resilient and sustainable infrastructure, seeking to support the enhancement of base infrastructure across the energy, transport, water and sanitation sectors and affordable housing.
The second pillar supports the integration of Information Communications Technology (ICT) in Technical Vocational Education and Training (TVET) and Digital Financial Inclusion, and the development of agriculture and tourism industries. It also supports the mining sector, Halal eco-system and Awqaf development, financial markets deepening and MSMEs (Micro Small Medium Enterprises)-support through Islamic Finance and trade financing.
Yesterday, Dr. Singh attended the Opening Ceremony of the 2023 Islamic Development Bank (IsDB) Group Annual Meetings in Jeddah, in the King Abdullah Congress Center.
The theme of this year’s annual meeting is “Partnerships to Fend off Crises” and takes place between May 10-13.
It comprises delegations from the Group’s 57 Member countries in addition to observers from international and regional organizations who have gathered to discuss development issues and institutional matters.
