THE Ministry of Finance, on Tuesday, hosted a significant meeting with the World Bank Director for Human Development for Latin America and the Caribbean, Mr. Jaime Saavedra, who was joined by Ms. Diletta Doretti, the World Bank Group Resident Representative for Guyana.
According to information from the ministry, the gathering focused on reaffirming the longstanding partnership between the World Bank and Guyana, particularly in the areas of human development.
During the discussion, Finance Minister, Dr. Ashni Singh reiterated the critical role the World Bank plays in the development of this hemisphere, including the Caribbean region, highlighting its support and assistance to Guyana over the years.
The meeting underscored the Government of Guyana’s appreciation for the World Bank’s ongoing commitment and support.
Mr. Saavedra acknowledged Guyana’s progress and reinforced the World Bank’s dedication to further strengthening its partnership with the country. Both sides discussed potential areas of further cooperation to continue driving economic growth and human development in Guyana.
The World Bank is a key development partner for Guyana, actively supporting a range of critical projects. These include initiatives focused on infrastructure development, climate resilience, energy efficiency, and human capital development.
Additionally, the World Bank plays a vital role in supporting Guyana’s oil and gas sector and addressing various economic challenges faced by the country. Through these efforts, the Bank continues to contribute significantly to Guyana’s sustainable growth and development.
On Tuesday, Guyana commissioned a new college of medical science building; this project was funded by the World Bank at the cost of US$4.576 million.