Guyana has received $19.8 Billion from the European Union (EU) as part of ongoing budgetary support for the country’s Integrated Coastal Management Programme.
According to the EU, the objective of the programme is to support climate change adaptation through an integrated coastal zone management approach and thereby protect the population in vulnerable, flood- prone areas. The mulilateral agency has commited to support the programme scheduled for 2017-2021 with $74.5 Billion.
This latest payment brings the total grant funds released since 2017 to $51. 6 Billion.