The United Kingdom (UK) has once again increased the amount of designated funds available for the Guyanese government and private sector to tap into.
In a statement, the British High Commission in Georgetown said the financing capacity has been raised from 2.1 billion pounds to 3 billion pounds.
Before it was hiked to 2.1 billion pounds in 2024, the financing capacity stood at 750 million pounds.
See below the full statement issued by the British High Commission in Georgetown on October 8:
The British High Commission is proud to announce that UK Export Finance (UKEF), the UK’s official export credit agency, has raised its financing capacity for Guyana from £2.1 billion to £3 billion.
This reflects the UK’s confidence in Guyana’s economic trajectory and fiscal sustainability, and marks a further deepening of the bilateral relationship between our two nations.
Today’s announcement of support was made by a delegation from UKEF and His Majesty’s Deputy Trade Commissioner for Latin America and the Caribbean in a meeting with His Excellency President Mohammed Ali. During the meeting the President set out his priorities for UKEF collaboration over the next five years.
This announcement comes at a pivotal moment, as Guyana accelerates its infrastructural development and positions itself as a key investment destination, reinforcing the UKs role as a trusted partner in driving inclusive growth.
The British High Commission looks forward to supporting sustainable growth and shared prosperity through this collaboration between the UK and Guyana.
The post UK again increases funds available for gov’t, private sector to tap into appeared first on News Room Guyana.
