Islamic Development Bank in US$900 MILLION AID plan for Guyana 2018 – 2022:
GOVERNOR: Hon. Dr. Bharrat Jagdeo, Vice President of the Co-operative Republic of Guyana
ALTERNATE GOVERNOR: H.E Tarachand Balgobin, Director, Project Cycle Management Department
Islamic Development Bank (IsDB), Jeddah, SAUDI ARABIA
- IsDB Wide Range of Projects 2018 to 2022 Financing & Technical Assistance: USD $900 MILLION
- IsDB 2018 > PALMS Geriatric Facility USD $291,000
- IsDB 2009 > GRANT: Medical Center USD $495,000
- IRENA: Abu Dhabi, UAE 2019 > Renewable ENERGY Project USD $8 Million
- Kuwait Fund for Arabic Economic Development (KFAED): Feasibility Study Road Project, Belfield to Rosignol, ECD: GRANT KWD 500,000 = USD $1,635.000
TOTAL as above = USD $910 Million - Other Projects being worked on. Not ready for public disclosures.
- DEBT Agreements with KUWAIT; UAE and LIBYA.
- Close to USD $1 Billion to GUYANA, South America.
- Meeting: OPEC Fund for International Development (OFID) Austria HQ: IsDB 44TH. Marrakech > April 4, 2019: 10 AM to 10:30 AM:
1. New Leadership at OFID with NEW Ideas and NEW partnerships.
2. Wismar Bridge: Caribbean Bank STUDIES.
3. OFID to Finance WISMAR BRIDGE.
4. OFID to consider assistance with PROJECTS PREPARATIONS ASSISTANCES.
5. OFID wish to be a PARTNER with Guyana…Guyana with OFID since 1970
6. Western MODELS with PROFIT Motive NOT PEOPLE Centered.
7. OFID for South-South Cooperation.
8. OFID for small hydro projects in Guyana.
9. OFID to share with IsDB and Join IsDB Teams to Guyana.
10. OFID will do a SITE VISIT to Guyana, ASAP. - 17 Meetings/Conversations: With Ministers of Finance/IsDB Governors and Alternate Governors: IsDB 44th. Marrakech April 2-9, 2019 57 in attendance Met 30% = 17 Suriname; Nigeria; CAMEROON; Niger; MAURITIUS; Guinea; Kuwait, Qatar; Kingdom of Saudi Arabia; Oman; Bahrain; United Arab Emirates; Kyrgyzstan; Bangladesh; Pakistan; Malaysia; and Brunei.
- 45th Annual Meeting April 2020: IsDB: Jeddah, Kingdom of Saudi Arabia 1. Chair: Kingdom of Saudi Arabia 2. VICE Chair > IRAN 3. VICE Chair > PAKISTAN.