The Caribbean Development Bank (CDB) is expected to make a thorough assessment of the investments it has been making in Guyana and 18 other countries over the years.
This discussion is expected to take centre stage at the 49th Annual Meeting of the Bank which will be held in Trinidad and Tobago from June 3 to 7. Finance Minister, Winston Jordan will be attending the event.
The Guyana Standard understands that focus will not only be placed on the investments made in the 19 borrowing countries, but also on solutions to some of the key developmental issues affecting its members and how the bank might better respond to those needs.
The CDB has loaned Guyana billions of dollars over the years to improve its water, infrastructure, and education sectors.
The latest funding that was approved by the Bank was in the amount of US$4.4M to help Guyana enhance its transportation sector and support the development of interior communities. The Bank said that the funds will be used to finance feasibility studies and designs for the upgrade of the Lethem aerodrome, the construction of a new bridge at Wismar and a new riverine transport terminal at Parika.
The Parika riverine transport terminal is the main hub for riverine transportation services between Parika and the neighbouring communities separated by the Essequibo River. It has deteriorated over time and is considered a threat to public safety.
The project, to be implemented through the Ministry of Public Infrastructure in Guyana, will complement other CDB interventions, including ongoing works to improve sections of the road link from Linden to Lethem.
