Guyana has inked a US$2 Billion funding agreement with the United States Export-Import Bank.
Under the agreement, the parties have agreed to explore options for utilizing EXIM’s standard instruments, which include direct loans and medium- and long-term guarantees to finance US exports to Guyana for Government projects totaling US$2 Billion.
Following the signing of the agreement in Washington, President Ali said the MOU signals the seriousness of the United States not only in Guyana but the region.
The MoU, he added, should also signal an open invitation to the private sector and the leadership of both countries to now move aggressively forward on a platform that is supported by the Government of Guyana and EXIM Bank.
“In this development phase of our country, we want to see greater US participation not only from the Government but from the private sector. One of the inhibitive factors has always been the ease of access to financing and the barriers to financing. This today, is the single most important signature not only for Guyana but for the region. The United States, through one of its agencies EXIM Bank is serious about its commitment to the CARICOM region.” The President said.
The MoU highlights a number of sectors in which projects may be identified.
These include but are not limited to: infrastructure (including roads and bridges); energy (including renewable energy and emission reduction); telecommunications (including wireless technologies); water treatment and sanitation (including technologies and infrastructure); and agriculture.
“I think we can applaud ourselves and EXIM Bank for this dynamic, futuristic, and bold move in advancing this relationship and this cause, and the areas we have identified shows the broad and multifaceted nature of the leadership of EXIM Bank.” the President said.
The President has assured that his government will aggressively pursue the MoU for the benefit of the Guyanese people and the United States.
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