UK increasing available private sector funding in Guyana. UK Minister for the region, David Rutley, announced a significant increase in financing for Guyana’s Public and Private Sector, nearly tripling to £2.1bn (US$1.54bn), demonstrating confidence in Guyana’s economy. This boost from the UK Export Finance Department will support projects and programmes across various sectors, benefiting from increased access to UK goods and services. Rutley highlighted the UK’s trust in the PPP/C Government’s economic management and outlined areas where the funding will be directed, including social infrastructure and healthcare.
Meanwhile, Finance Minister, Dr Ashni Singh welcomed the initiative and noted that it demonstrated confidence not only in the economy but in Guyana as an investment destination for British companies.
“(The increase) represents a very clear signal of the UK’s confidence in Guyana as a destination for British companies to invest in and as a place for British companies to do business with. And we want to thank you for this very clear expression of confidence in Guyana and in the Guyana economy.
“I want to situate this announcement within the context of the very strong and longstanding relationship Guyana enjoys with the United Kingdom. That is, of course, rooted in our shared history, in the relationships between our peoples and also, in our shared values, including our commitment to democracy and the rule of law,” Dr Singh said.
Source: inewsguyana.com / Caribbean Insight – March 2024