CDF partnering with Guyana Gov’t on country assistance programme
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- Published on Friday, 10 February 2012 11:22
- Written by Super User
An assistance programme that will see an inflow of technical support, loans and grants is being conceptualised by the CARICOM Development Fund (CDF) in partnership with the Guyana Government. Chief Executive Officer (CEO) of the CDF, Ambassador Lorne Mc Donnough discussed the idea with President Donald Ramotar during a meeting at the Office of the President today. Minister of Finance Dr. Ashni Singh, CDF Senior Advisor of Corporate Governance and Development Fay Housty and Regional Development Director Lenox Forte were also present.
There is not much that can be elaborated about the assistance programme as it is still in the early bird stage and as part of the establishment criteria the CDF must make the proposal at the CDF board level. Nevertheless Ambassador Mc Donnough remains hopeful that the country assistance programme will be completed shortly, clearing the way for the disbursement of funds before September of this year.
He said the Guyana Government has been very supportive of the CDF and is optimistic that the country’s new President will perpetuate the patronage. The CDF is a cohesion fund that provides assistance to countries within CARICOM that require contingency assistance to address any disparities that may arise in the Single Market and Economy (CSME). It was modelled after the European Cohesion Fund.
