India extends new $US$500M credit line to Guyana

(Kaieteur News) – President Dr. Irfaan Ali and the Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar, have signed three major bilateral agreements aimed at bolstering relations between the two countries. The agreements were signed on the sidelines of the Commonwealth Heads of Government Meeting held in Antigua and Barbuda.

Among the agreements is a Memorandum of Understanding regarding Indian Grant Assistance for the Implementation of Quick Impact Projects (QIPs); a Memorandum of Agreement on Supply and Installation of Micro and Small Enterprises (MSEs) Manufacturing Projects; and an Agreement on Cooperation in the Field of Digital Public Infrastructure and the Functioning of a Unified Payments Interface (UPI)-like system in Guyana.

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The meeting, which was held on Wednesday also included a comprehensive review of India-Guyana bilateral relations and discussed ways to further strengthen cooperation in areas of mutual interest.