EU to give G$4b for sea defences but conditions have to be met
(Stabroek News – January 31, 2014 ) – Guyana’s besieged sea defences are in line for a G$4b injection from the European Union but it will first require the government spending G$5.5b over the next three years and fulfilling a host of conditions.
A release from the European Union office here said that the Government of Guyana, represented by Minister of Finance and National Authorising Officer, Dr. Ashni Singh, on January 31, signed the Financing Agreement for the 10th EDF Sea and River Defence Sector Budget Support Programme, valued at €14.8M (US$19.7m) at the Ministry of Finance. The Head of the EU Delegation to Guyana, Ambassador Robert Kopecký and Minister of Public Works and Communications, Robeson Benn, witnessed the signing. The Agreement was signed in EU HQ in Brussels by Jolita Butkeviciene, Director for Latin America and Caribbean of the European Commission’s Directorate for Development and Cooperation.
