Guyana and the Caribbean Development Bank (CDB) yesterday launched the US$7.1 million ($1.45B) seventh cycle of the Basic Needs Trust Fund (BNTF), which will see projects to improve access, education and water and sanitation in a range of communities.
During yesterday’s launch at Duke Lodge, Bernard Lord, Chairman of the BNTF Oversight Committee, said that the grant agreement was initially signed on the 25th February, 2013 and that all of the conditions for the release of the funds have since been satisfied.
Lord said that under the seventh cycle, “we stand to benefit from approximately US$7 million, with