Most Caribbean countries to end 2020 with deepest GDP contraction –IDB
For most Caribbean countries, the COVID-19 pandemic will translate into the deepest single-year contraction of real Gross Domestic Product (GDP) on record in 2020...
IDB to mobilize US$1B to help Latin American, Caribbean countries acquire COVID-19 vaccines
The Inter-American Development Bank (IDB) has announced that it will mobilize US$1 billion to help Latin American and Caribbean countries acquire and distribute COVID-19...
Guyana’s COVID-19 response bill to climb beyond US$1B
Taking into consideration the fact that the Irfaan Ali-led government estimated a budget of US$29 million for the implementation of its COVID-19 response plan,...
CDB approves US$190M Linden/Mabura Road project; US$11.6M for Hospitality, Tourism Training Institute
Following fruitful negotiations with the Caribbean Development Bank (CDB), the Government of Guyana yesterday secured two loans to finance substantial catalytic transformational projects for...
Special probes into drug bond, SLED programme completed-Sharma
Auditor General, Deodat Sharma disclosed yesterday that special investigations were finalized during the period October 2019 and November 2020, for the Ministry of Public...
APNU+AFC collected and mismanaged $992B between 2015 to 2019-Finance Minister
Upon examining the financial health of the economy, Senior Minister with responsibility for Finance, Dr. Ashni Singh has found that there was blatant mismanagement...
Finance Minister bashes APNU+AFC for abuse of Contingency Fund, says party left $4.2B uncleared
Even though the coalition administration was in caretaker mode, that status certainly did not inhibit it from expending billions of dollars from the Comtingency...
IDB Invest provides support to Barbados, Guyana, and Suriname through US$35M trade finance programme
IDB Invest, a member of the IDB Group, announced today that it has incorporated three subsidiaries of Republic Financial Holdings Limited (RFHL) in Barbados,...
Govt. to use portion of US$30.4M IDB loan to give pensioners additional $20,500 coupon
The People’s Progressive Party / Civic (PPP/C) administration is poised to use a portion of a US$30.4M loan from the Inter-American Development Bank (IDB)...
World Bank approves US$26M to reduce impact of flooding in Guyana
The World Bank Board of Executive Directors recently approved US$26 million in additional financing to support the ongoing Guyana Flood Risk Management Project. According...
