African Exim Bank approves US$500M for Guyana’s infrastructural development – Guyana Times
The African Export-Import (Exim) Bank has approved a $500 million loan to Guyana for its infrastructure development needs, in addition to the US$15 million currently being negotiated for small and medium-sized local businesses.
When it comes to the US$15 million facility being negotiated with the African Exim Bank, President Dr Irfaan Ali, who was the keynote speaker at the event, announced that this sum was being negotiated on Guyana’s behalf by Professor Floyd Haynes, the founder of the NewHayven Merchant Bank.
“Just like the Government, they’re in the final stages of negotiating a US$15 million facility to support local businesses, SMEs, here in Guyana. His bank is also working with the Exim Bank, in support of one of the first local groups, all women, who would have won (two) of the oil blocks here in Guyana,” Ali said, a reference to Sispro Incorporated.
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