Opposition Leader, David Granger, along with his Shadow Minister of Finance, Carl Greenidge, is elated to know that the government is finally receiving international sanctions for having prorogued the Parliament.
The European Union (EU) recently announced that it has temporarily put on hold its two latest partial payments — EURO $28.9M for Guyana’s sugar sector and EURO $14.8M for sea defences– until all eligibility criteria, including budget oversight, are “satisfactorily” addressed.
The EU made clear that it has a long standing commitment to support development and poverty reduction in Guyana. Last year, it said that EURO $34 million was allocated to Guyana under the 11th European Development Fund. EU aid is channeled through different modalities. Budget support is one of them and Guyana is receiving the payments under this model. Continue reading