Guyana and the Islamic Bank sign loan agreement for power upgrade

Minister of Finance Winston Jordan (L) and Dr Mansur Muhtar, VP of the Islamic Bank Operations; Far left is David Patterson Minister of Infrastructure and far right is Dr Shamir Ally, Alternate Governor of Guyana to the IsDB

By Ray Chickrie
Caribbean News Now contributor

JEDDAH, Saudi Arabia — Guyana’s minister of finance, Winston Jordan, and Dr Mansur Muhtar, vice president of Islamic Bank Operations, signed a loan agreement with the Islamic Development Bank (IsDB) in Jeddah on Wednesday, “in the process cementing Guyana’s growing relationship and the proactive use of the indicative resource envelope of about US$1 billion that the bank has offered Guyana,” Jordan said.

Jordan said that the US$20 million loan will support Guyana’s Power Utility Upgrade Programme as…

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