EU approves €7.5M in budget support for Guyana – CARICOM Business

Guyana's sea defence repairs benefitted from EU's budgetary support (Photo via Department of Public Information)

The European Union (EU), as part of its Budget Support Programme, has approved the disbursement of €7.56 million for Guyana.

According to President, Dr. Irfaan Ali, the grant funds represent the final tranche of payments under a multi-year programme valued at €30 million, which came on stream after Guyana lost Europe as one of its preferential
markets for sugar.

Funds received under the EU’s Budget Support Programme for Guyana have been previously spent on housing, climate adaptation, improved infrastructure, and repairing the country’s sea defences.

Extract from CARICOM BUSINESS Vol 4 No. 50

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