-in local financing opportunities

A high-level visit by the Chief Executive Officer (CEO) of IDB Invest, the private sector arm of the Inter-American Development Bank, has seen even more interest being generated in expanding financing opportunities for Guyana’s private sector.

Guyana only recently hosted a high-level visit from Inter-American Development bank (IDB) CEO James Scriven.

During that visit, Scriven took part in several events, including a roundtable discussion with private sector reps hosted by Finance Minister Dr. Ashni Singh.

The delegation also visited Muneshwers Limited, which benefited from US$4 million in IDB Invest financing for a mobile harbour crane, and a further US$10 million to expand its port and warehouse capacity.

Demerara Distillers Limited, another recipient of IDB Invest financing, was also visited. While giving an address at the Four Points by Sheraton Hotel opening on Thursday evening, Scriven noted the possibility of financing over US$300 Million in projects.

“Rest assured that the agenda we discussed last night and the meetings that we had today and the team that came to join us have only today seen opportunities north of 300 Million, so rest assured that we will continue to support your efforts to diversify your economy,” he said.

The two-day visit culminated in the Sheraton grand opening, where IDB Invest also has a US$18 Million stake.