Guyana, Canada Sign Agreement for CAN$120Mn Sovereign Loan

• Guyana and Canada on Sunday finalised an agreement for a CAD$120Mn sovereign loan to further boost support for vulnerable groups. The agreement was signed by Guyana’s Senior Minister within the Office of the President with Responsibility for Finance and the Public Service, Dr. Ashni Singh, and Canada’s Minister of International Development, Ahmed Hussen, at the Canadian High Commissioner’s residence.
• Hussen, who is visiting this country for the first time, in his address, said the two countries are strengthening bilateral ties with the loan agreement that has been tailored to the needs of Guyana.
• He said, “Our goal is to support Guyana in generating beneficial social, economic, and environmental outcomes for the good of all your citizens, particularly the most vulnerable.”
• Hussen emphasised the importance of cooperation between Guyana and Canada to achieve sustainable development goals, addressing issues such as gender-based violence, empowerment of people living with disabilities, and support for victims of human trafficking.
• The loan programme also features a climate-resilient debt clause to access funds in the event that Guyana experiences a climate incident, a natural disaster, a pandemic, or an epidemic.

(Source: Guyana Chronicle)