Guyana, IDB Sign Loan Agreement

By: Caribbean Journal Staff - September 24, 2011

Above: President Bharrat Jagdeo and IDB President Luis Alberto Moreno

By the Caribbean Journal staff

Guyanese President Bharrat Jagdeo and Finance Minister Ashni Singh met yesterday with the President of the Innter-American Development Bank, Luis Alberto Moreno, at the bank’s headquarters in Washington, DC.

Jagdeo was joined by Finance Minister Ashni Singh.

Following the meeting, Guyana and the IDB officially signed a $5 million loan agreement aimed at improving the operation of Guyana’s electricity sector.

The project intends to improve the country’s power system by enhancing electricity loss reduction measures and improvements in distribution.

The IDB has already contributed to the country’s electricity sector, with other initiatives like a $21.2 million Unserved Areas Electrification Programme, which looked to improve the electricity sector in the country’s rural areas.

Popular Posts jamaica new hotel montego bay

Looking for a Budget-Friendly Montego Bay Vacation? There's a New Hotel for That  

It’s home to one of the most famous streets in the Caribbean, named after one of Jamaica’s global music icons: Jimmy Cliff Boulevard.  While the heavily-trafficked street has seen its share of ups and downs in recent decades, that’s been […]


At These 13 Resorts, You Can Take the Perfect Adventure-Filled Vacation in Belize

belize blancaneaux

Belize, a Caribbean travel destination full of natural wonders that also happens to have some of the coolest adventure resorts on the planet, from top-flight jungle hotels to luxurious river lodges and just about everything in between, whether you’re seeking […]


Why Ambergris Caye, Belize is the Caribbean Capital of Overwater Bars

belize san pedro ambergris caye

You can hear the ballad from Palapa halfway across Ambergris Caye; for a moment you swear the voice belongs to Dolly Parton herself.  Palapa is the town’s most prominent stage, hosting a revolving door of talented artists for intimate concerts […]


Related Posts bacardi sherry cask finish

Rum Journal: Bacardi’s New Sherry Cask Finish Rum

For year’s there’s been a leader in the world of special cask-finished rum: Martinique’s Rhum HSE, which was ahead of the global curve in finishing its rums in a variety of different casks and remains the standard-bearer.  In the world […]


A Sip of Martinique in Miami

martinique

The Caribbean Rum Awards came to Miami on Monday, with an unforgettable evening of some of the finest rums from across the Caribbean and the island of Martinique in particular.  The event, presented by the Martinique Tourism Authority, was anchored […]


Rum Journal: Black Tot, a Caribbean Rum Symphony

caribbean rum black tot

For three centuries, the daily “tot” was a staple of British maritime life.  Sailors in the Royal Navy received a daily “tot” or ration of rum — a practice that lasted until July 31, 1970 — a day that lives […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You