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Islamic Bank in US$900M aid package for Guyana

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06 Apr 2018 09:00 #362017 by chairman
GUYANA is in line to receive US$900M from the Islamic Development Bank (IsDB) to facilitate a three-year programme targeting key development areas in the country, including economic infrastructure, rural development, human development and trade and competitiveness, Finance Minister Winston Jordan has said.

In his address to the 43rd Annual Meeting of the Islamic Development Bank Group in Tunisia, Jordan explained that the IsDB fielded a programming mission in December 2017 where a work programme spanning three years–2018-2020–was formalised. He said approximately US $900M has been set aside to provide financing and technical assistance in key development areas such as economic infrastructure, rural development, human development and trade and competitiveness.
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  • ray
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10 Apr 2018 11:26 #362107 by ray
The best venture, this Govt should undertake, is to interconnect GT by highways to all parts of the country. This will certainly expand commerce, labor and better flow of agricultural products at reduced cost. The US President, FDR during the country's great depression started the 'new deal' which was the largest infrastructure venture that country has ever undertaken, putting more than three million to work, expanding the US industrial might and presence in the world.

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10 Apr 2018 12:09 #362123 by ketchim
there are no FDRs in Guyana:
so the funds will be misappropiated for Haram reasons :unsure:

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