US EXIM bank `mega’ deals in the pipeline – outgoing Ambassador

By Marcelle Thomas On In Guyana News |
President Irfaan Ali (standing at right) looks on while Minister of Foreign Affairs and Co-operation Hugh Todd (sitting at right) signs the MoU with EXIM Bank’s President Reta Jo Lewis (seated at left). First Vice President and Vice Chair of the Board of Directors at the bank, Judith Pryor is standing at left. In the foreground is US Ambassador to Guyana Sarah-Ann Lynch. (Office of the President photo)
President Irfaan Ali (standing at right) looks on while Minister of Foreign Affairs and Co-operation Hugh Todd (sitting at right) signs the MoU with EXIM Bank’s President Reta Jo Lewis (seated at left). First Vice President and Vice Chair of the Board of Directors at the bank, Judith Pryor is standing at left. In the foreground is US Ambassador to Guyana Sarah-Ann Lynch. (Office of the President photo)

Deals made through the partnership created by Guyana with the United States Export-Import (EXIM) Bank last year are expected to be approved once US regulatory and other processes are completed, outgoing US Ambassador to Guyana Sarah-Ann Lynch has said.

On July 27 last year Guyana signed a US$2 billion Memorandum of Understanding (MoU) with the EXIM Bank to facilitate greater investment in the country but to date no deal has arisen.

During an exclusive interview the Stabroek News had on Tuesday with the Ambassador, she was asked about the reason and announced that deals are already in the pipeline and some are mega ones.