US$1.35M grant inked with China for bilateral projects
SN, Tuesday, December 25th 2007
Foreign Trade Minister Dr Henry Jeffrey and Chinese Ambassador Zhang
Jungao on Friday inked a US$1.35 million grant for the implementation
of bilateral co-operation projects.
The Chinese government has pumped various sums of money into economic
and technical co-operation with Guyana but the specific areas where the
sums will be expended are yet to be decided.
In brief remarks, the ambassador said the agreement was the second one
signed this year. He said a $548 million grant agreement was inked with
Tourism Minister Manniram Prashad when he attended the Second
China/Caribbean Business Forum held in China earlier this year.
The ambassador said the two governments would join to ensure that the
grants are best utilized on mutually agreed areas. He said the People's
Republic of China has assisted Guyana in many areas and it has received
the most economic and financial assistance in the region.
In his address, Jeffrey said the government was appreciative of the
grants. He told the ambassador that his ministry was yet to put
modalities in place for which Chinese tourism could be introduced
locally, in keeping with the agreement.
Jeffrey also thanked the Chinese government for its continued
involvement in Guyana's development and alluded to the Chinese
volunteer experts currently here assisting in the health, agriculture,
sports and mining sectors, training and bilateral co-operations
projects.
He said the countries share very fertile relations.
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