Latest update April 19th, 2024 12:59 AM
Jul 08, 2017 News
Cabinet granted its approval for Guyana to honour its obligations as a member of the Caribbean Development Bank (CDB) to replenish the Special Development Fund (SDF) Ninth Cycle.
Guyana is required to contribute the sum of US$6.17M to the SDF Ninth Cycle over a five-year period, to maintain its 2.77 percent shares in the bank.
During his weekly post-Cabinet press briefing, Minister of State, Joseph Harmon explained that payment of its contribution to the fund will enable Guyana to access loans and grants to aid in the implementation of developmental projects.
The Special Development Fund is a partnership among CDB members where borrowing and non-borrowing members contribute to the fund financially.
The SDF provides loan funding as well as grant financing for sustainable development initiatives in developing states of the Region. It plays a critical role in the international effort to reduce poverty in order to achieve the Sustainable Development Goals.
Earlier in the year, the CDB announced US$40M in funding for poverty reduction in eight countries, including Guyana, in the Caribbean Region, through the Basic Needs Trust Fund (BNTF).
The resources will support improved access to quality education; water and sanitation, basic community access and drainage, livelihoods enhancement and human resource development services in low-income and vulnerable communities under the ninth phase of the BNTF.
Please share this to every Guyanese including your house cats.
Apr 19, 2024
SportsMax – West Indies Women’s captain Hayley Matthews delivered a stellar all-round performance to lead her team to a commanding 113-run victory over Pakistan Women in the first One Day...Kaieteur News – For years, the disciples of Bharrat Jagdeo have woven a narrative of economic success during his tenure... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]