New IDB country strategy highlights risks

By Stabroek News On In Guyana News |
Finance Minister Dr Ashni Singh (left) meeting on Friday with new Inter-American Development Bank’s (IDB’s) General Manager for the Caribbean Country Department (CCB), Anton Edmunds (second from left) and the IDB’s Resident Representative for Guyana, Lorena Solórzano-Salazar at the Ministry of Finance. (Ministry of Finance photo)
Finance Minister Dr Ashni Singh (left) meeting on Friday with new Inter-American Development Bank’s (IDB’s) General Manager for the Caribbean Country Department (CCB), Anton Edmunds (second from left) and the IDB’s Resident Representative for Guyana, Lorena Solórzano-Salazar at the Ministry of Finance. (Ministry of Finance photo)

While adverting to Guyana’s booming economy, the IDB country strategy for 2023-2026 has cited risks to its successful implementation.

The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a new Country Strategy with Guyana for 2023 through 2026 and there is an indicative lending pipeline of US$550m.

A release from the Bank on November 30 stated that the strategy will be focused on resilient infrastructure, human capital development with an emphasis on improving health and education outcomes and social services and strengthening institutional capacity.   

The strategy also pinpointed the risks.