Kaieteur News – Dec 13, 2022 – Given the scale of Guyana’s oil bonanza, currently pegged at 11 billion barrels of oil equivalent resources in the Stabroek Block, organisations like the Inter-American Development Bank (IDB) believe Authorities have a golden opportunity to truly improve citizens’ lives.
To raise the standard of living of its people, the bank has recommended that the new oil producing state channel a portion of its wealth into efforts that would transform the health sector. Just recently, the IDB provided Guyana with a US$97M loan. That money is set to help Guyanese authorities strengthen the health care network. As is customary with such loans, the IDB conducts a review of the state of affairs for its borrower and how its loan will make a difference. Continue reading
