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- Line of Credit to Guyana Cooperative
Line of Credit to Guyana Cooperative
Guyana
| Borrower | Guyana |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Financial |
| Approved | 18.02.1985 |
| Signed | 26.03.1985 |
| Status | Cancelled |
| Loan Administrator | IADB |
| Executing Agency | Guyana Cooperative, Agricultural and Industrial Bank (GAIBANK) |
| Co-financiers | Government |
| OPEC Fund Contribution (US$m) | 3.00 |
| Total Project Cost (US$m) | 4.00 |
The project provides financing to GAIBANK for onlending to elegible publicly owned industrial enterprises for sugar processing and rice milling (50% for sugar processing and 50% for rice milling), with specified credit regulations. Sub-loans will be provided to finance the importation of fixed assets. The project also includes a Technical Cooperation Component divided into 4 sub-projects to assist the executor in meeting the project's objectives. In parallel, the IDB is financing the program at a total cost of US$28.0 million, supporting enterprises in the sugar, rice and general manufacturing sub-sectors.