UK raises its financing capacity for Guyana. The UK Export Finance agency (UKEF) has raised Guyana’s credit limit from £2.1bn to £3bn (~US$3.8bn), expanding access to financing for major infrastructure projects.
President Irfaan Ali said the funds will support the Linden–Lethem highway extension, a deep-water port in Berbice, health-sector upgrades, and modernised electricity transmission. The initiative marks growing UK–Guyana economic ties, with the UK citing confidence in Guyana’s fiscal stability and growth strategy.
Private-sector leaders welcomed the development, noting it opens cheaper long-term financing and joint-venture opportunities for local firms. Officials said the facility will fund both public and private projects over the next five years.
Source: Caribbean Insight