GEORGETOWN, Guyana, Apr 20, CMC – Guyana has signed an agreement with the International Finance Corporation (IFC) establishing the institutional framework for the operations of all World Bank Group entities in Guyana and strengthens support for private sector development, job creation, and sustained economic growth.
A government statement said that Finance Minister Dr. Ashni Singh signed the agreement with the IFC Vice President for Europe, Latin America and the Caribbean, Alfonso García Mora, during the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) that ended in Washington last weekend.
The statement said that Singh also participated in the AgriConnect Partners meeting, where stakeholders reviewed progress since the initiative’s launch in October 2025 and outlined strategies to expand support for smallholder farmers by 2030.
“He underscored Guyana’s leadership role in agriculture and food security within the Caribbean, noting that the sector remains a key pillar of the country’s non-oil economy. He highlighted Guyana’s extensive arable land and freshwater resources as critical assets in advancing regional food security,” the statement said.
Singh also noted the strong alignment between the government’s policy priorities and the AgriConnect initiative, particularly in expanding access to technical support for farmers and advancing the use of science and technology in agriculture.
The statement said he reaffirmed Guyana’s commitment to supporting the initiative as a pathway to sustainable growth and enhanced food security.
The statement said that at the Caribbean Governors’ Meeting with World Bank Managing Director for Operations, Anna Bjerde, Singh also advocated for the region’s development priorities.
It said that he highlighted the need for increased investment in infrastructure and supportive reforms to unlock trade and economic opportunities across the region, while expressing appreciation for the World Bank’s continued partnership.
“Singh also reiterated the World Bank’s valued role as Guyana’s lead development partner in human capital development, noting the importance of building a suitably skilled workforce to support the country’s rapid economic transformation,” the statement said, adding that he “further identified new opportunities for collaboration, especially through digital solutions to improve educational outcomes where support is most needed”.
CMC/gt/ir/2026