Guyana signs US$156 million loan agreement with World Bank

The Government of Guyana has signed a US$156 million loan agreement with the World Bank to support the country’s Integrated Transport Corridors Project (ITCP).

- Advertisement -

Senior Minister with Responsibility for Finance, Dr. Ashni Singh, signed the agreement on behalf of the Government, while the World Bank’s Vice President for the Latin America and Caribbean Region, Susana Cordeiro Guerra, signed on behalf of the bank.

The project aims to strengthen Guyana’s transport infrastructure through major upgrades and rehabilitation of several key roads across the country. It focuses on improving connectivity in targeted regions, building more resilient infrastructure capable of withstanding natural hazards, and enhancing safety and reliability for travelers.

Minister Singh welcomed the World Bank’s support, noting that the ITCP will make a significant contribution to the government’s broader development agenda to expand and modernize the national transport network.

“This project has the potential to help unlock increased production and productivity in our non-oil economy — such as through farm-to-market roads that facilitate both production and trade — as well as to improve connectivity between communities,” Singh said.

He added that the government remains committed to an aggressive transport infrastructure agenda designed to improve connectivity with neighbouring countries, deepen trade ties, and boost domestic productivity. Singh emphasized that the World Bank loan will play a major role in advancing several of these ongoing initiatives.