The United Kingdom has significantly increased its financial commitment to Guyana, raising the available financing through its Export Finance (UKEF) agency from £2.1 billion to £3 billion. This move, announced on October 8, 2025, underscores the UK’s confidence in Guyana’s economic trajectory and fiscal sustainability, while also deepening the bilateral relationship between the two nations. President Irfaan Ali highlighted that the funds will be channeled into transformative infrastructure projects, including the extension of the Linden to Lethem all-weather road, the development of a deep-water port in Berbice, and modernization initiatives in the health and energy sectors. The Berbice port, a public-private venture, is expected to serve as a strategic gateway for northern Brazil, enhancing regional trade and connectivity. Additionally, plans for a second gas-to-energy project are underway, with the aim of integrating these developments into a new industrial hub. The announcement was made during a meeting between President Ali, a UKEF delegation, and the UK’s Deputy Trade Commissioner for Latin America and the Caribbean. The British High Commission emphasized that this support aligns with Guyana’s accelerated infrastructural development and its emergence as a key investment destination. Private sector leaders, including Gerry Gouveia Jr., Chairman of the Private Sector Commission, welcomed the increased financing, noting its potential to foster local economic diversification, capacity building, and international partnerships. Dr. Clinton Urling, Secretary of the Private Sector Commission, also highlighted the opportunities for collaboration between Guyanese and UK firms, emphasizing the importance of financing for private sector growth and expansion. The Guyanese delegation included key ministers, reflecting the government’s commitment to leveraging this financial boost for sustainable development and shared prosperity.
UK increases available financing to Guyana; Ali eyes major infrastructural projects
