APNU+AFC Member of Parliament and Alliance for Change (AFC) executive David Patterson has challenged Vice President Bharrat Jagdeo’s statement that the United States Export-Import (EXIM) Bank approved US$509 million of the US$640 million loan requested for Guyana’s Gas-to-Energy (GtE) project.
Patterson said that contrary to Jagdeo’s remarks, the loan has not yet been approved and is still under review.
At an AFC press conference yesterday, Patterson cited information from an unnamed source who has been in contact with the EXIM Bank for over a year. According to his source, “No approval was given by the EXIM Bank at their last meeting in November.” Patterson further noted that the EXIM Bank will next meet on January 9, 2025 and if the loan comes up for discussion, only then can a final decision be made after which it is then sent to Congress for approval.