Latest update November 8th, 2024 1:00 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

CDB US$7.9M loan to help fix up roads in Anna Regina, ECD

Nov 22, 2023 News

Kaieteur News – The Government of the Cooperative Republic of Guyana (GOGY) has announced that it has received US$ 7,937,000 financing from the Caribbean Development Bank (CDB) towards the cost of the Basic Needs Trust Fund Tenth Programme (the BNTF 10) Guyana Project.

As outlined in an advertisement in Kaieteur News Sunday November 19th edition, the government intends to allocate a portion of these funds for the rehabilitation of roads in Anna Regina (Region Two) and Haslington-Grove NDC (Region Four)

According to the ad, payment by CDB will be made only at the request of government and upon approval by CDB, and will be subject, in all respects, to the terms and conditions of the Grant Agreement. The financing, detailed in the Grant Agreement, stipulates adherence to UN Security Council decisions, with payments made only upon government request and CDB approval. Oversight for the project’s execution rests with the BNTF Implementing Agency in Guyana and the Ministry of Finance.

In 2021, the CDB launched its tenth cycle of one of the Caribbean’s longest-running poverty reduction programmes, with over US$47 million committed to supporting projects in nine countries across the Region.  It was reported that over 100 sub-projects are in the pipeline for this cycle of the BNTF which will run until December 31, 2024.

Contributors to CDB’s Special Development Fund which funds the BNTF, approved US$40 million with the remainder coming from the participating countries: Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, Saint Lucia, St. Vincent and the Grenadines and Suriname.

Speaking at the launch of BNTF 10, President of the Bank Dr. Gene Leon urged development actors in the Region, including at the Bank, to explore how development programmes like the BNTF can be expanded and retrofitted to meet the changing needs of the Region.

He said, “…Enhancing the development impact is more than doing what we are currently doing and doing it better,” noted the Bank President, adding: “It is about questioning our targets to make sure that we are providing the best use of every development dollar. It is about questioning what aspects of development are the most urgent for targeting. It is about members designing, monitoring implementation, and providing feedback on programmes.”

Guyana’s Senior Minister, in the Office of the Prime Minister with responsibility for Finance, Hon. Dr. Ashni Singh had elaborated on the impact of the BNTF in his country and further afield, stating: “Over the past four decades, interventions have provided access to improved social infrastructure including markets, health posts, resource centres and schools, provided first time access to potable water, improved roads, bridges and foot paths and provided certified skills training aimed at enhancing employability and income generation. BNTF projects have impacted us all regionally, nationally and most importantly, our people at the grassroots level.”

Similar Articles

The Glenn Lall Show | November, 6th, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

CWI Cricket West Indies suspends Alzarri Joseph for two matches

CWI Cricket West Indies suspends Alzarri Joseph for two matches

Nov 08, 2024

Bridgetown, Barbados – Cricket West Indies (CWI) has imposed a two-match suspension on fast bowler Alzarri Joseph following an on-field incident during the 3rd CG United ODI at the Kensington...
Read More
ExxonMobil Futsal Championship heats up in Linden

ExxonMobil Futsal Championship heats up in Linden

Nov 08, 2024

Harpy Eagles left frustrated by weather once again in Super50 Cup no-result against Scorpions

Harpy Eagles left frustrated by weather once...

Nov 08, 2024

Lennox Blackmore National Intermediate C/ship shifted to Six Head Gym

Lennox Blackmore National Intermediate C/ship...

Nov 08, 2024

All-round Jaguars clinch 3-wicket win over Pitbulls 

All-round Jaguars clinch 3-wicket win over...

Nov 08, 2024

GSLT20 ticket sales begin tomorrow at the local box office

GSLT20 ticket sales begin tomorrow at the local...

Nov 08, 2024

Features/Columnists

Publisher’s Note

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]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]