GEORGETOWN, Guyana, CMC – President of the Barbados-based Caribbean Development Bank (CDB), Daniel Best, arrives here later on Tuesday for a three-day visit for talks with President Irfaan Ali as well as the Senior Minister in the Office of the President with Responsibility for Finance and the Public Service Dr Ashni Singh.
A government statement said that Best, who was recently elected CDB president following Dr. Gene Leon’s resignation, is slated to visit several places and inspect various project sites in the country while here.
“Guyana looks forward to working closely with Daniel as we tackle the pressing needs of our region and as we work together to improve the lives of all of the people of the Caribbean,” Singh said.
The statement said that the objective of the visit was to reaffirm the CDB’s commitment to Guyana and to explore opportunities for expanded partnership in pursuit of national development goals.
“The visit also provides an opportunity for dialogue between the bank and the government of Guyana on the government’s economic objectives and priorities and how CDB can continue to provide support for these through its assistance and lending programs.”
The statement said that the CDB, the region’s premier financial institution, has been partnering with Guyana on several projects, such as educational facilities, the Hospitality and Tourism Training Institute in Port Mourant, Corentyne, and the Linden to Mabura Road currently under construction.
Guyana is one of the founding members of the CDB, having joined in 1970. The bank has been a leading partner in the country’s development over the past half-century. CDB funding in Guyana has been used for social and economic infrastructure, including schools, water systems, and climate-resilient roads.
In 2020, the CDB approved US$9.9 million for the construction of the modern Hospitality and Training Institute and US$190 million for upgrading 121 kilometers of roadway from Linden to Mabura Hill—the largest project in the bank’s history.
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