Guyana, US EXIM Bank ink `game changer’ US$527m pact

Following last week’s unanimous voting of a US$527 million loan from the United States EXIM Bank to Guyana for its Gas-to-Energy (GtE) project, President of the Bank, Reta Jo Lewis, along with Prime Minister Mark Phillips yesterday inked the agreement allowing for the formal release of the sums.

Washington believes the loan is a game changer here while government says it is only one step towards accessing the US$2 billion purse which the bank has made available to this country.

“This deal is a game changer. Not just for Guyana and the United States, but for the people, businesses, and shared aspirations that unite our two nations,” the US EXIM Bank President said at the signing, which was held at the GtE site at Wales on the West Bank of Demerara.