To further accelerate infrastructure development, the Government of Guyana signed a US$156 million loan agreement with the World Bank for the Integrated Transport Corridors Project (ITCP).
The signing took place on the sidelines of the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) in Washington, D.C.
Signing on behalf of the World Bank was Vice President for the Latin America and Caribbean Region, Susana Cordeiro Guerra.
In his remarks, Dr Singh welcomed the World Bank’s continued engagement, highlighting that the ITCP is the largest project in the Caribbean being implemented through the International Development Association (IDA).
He outlined Guyana’s ambitious transport infrastructure agenda aimed at improving connectivity with neighbouring countries to deepen trade relations, and at enhancing domestic productivity by linking production centers to markets and communities through substantial infrastructure investments.
The finance minister expressed appreciation for the World Bank’s longstanding partnership with Guyana and underscored the importance of timely and efficient implementation of this transformative project.
Also in attendance were World Bank Country Director for the Caribbean, Lilia Burunciuc; World Bank Group Resident Representative for Guyana, Diletta Doretti, and Executive Director for the Caribbean at the Inter-American Development Bank (IDB), Navita Anganu-Ramroop.
The proposed Integrated Transport Corridors Project (ITCP) aims to provide climate-resilient and safe transport connectivity in selected areas of Guyana (in the Regions 3, 4, 5, 6 and 10) by upgrading selected road corridors and strengthening the Government’s capacity in the road transport sector, with a focus on climate change, road safety, citizen engagement, and gender considerations.
Discover more from INews Guyana
Subscribe to get the latest posts sent to your email.
