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China grants Guyana US$4.93M to finance projects
Minister of Finance, Dr. Ashni Singh and Chinese Ambassador to Guyana, H.E Zhang Limin, signed two agreements yesterday at the Ministry of Finance.
One was the signing of a grant agreement for RMB¥30,000,000, (some US$4.93 M). This grant was given under the Economic and Technical Co-operation Agreement, between the government of Guyana and the Republic of China.
The second agreement signed was for the acceptance certificate for the vehicular mobile scanner for the Guyana Revenue Authority (GRA).
GRA’s Commissioner General, Mr. Khurshid Sattaur (Center, left) accepting the certificate for the scanner from Finance Minister, Dr. Ashni Singh (Centre, right). Dr. Singh is flanked by Chinese Ambassador to Guyana, H.E Zhang Limin and representatives of the Chinese Embassy.
Whilst the actual use of the money has not been outlined as yet, this publication was informed that the next step is for the two parties to decide what projects would attract the money.
The Chinese Ambassador, with the assistance of his translator expressed that he is extremely happy as the agreements serve as symbols of a strengthened relationship between the two countries.
He said that he had felt extremely honoured to be a part of the official handing over of the certificate for the container scanner and hopes that the grant can help Guyana to expand and develop.
Minister of Finance, Dr. Ashni Singh, told members of the media corps that whilst he is proud that Guyana is the first Caribbean country to have developed diplomatic relations with China, he is pleased to say that the relationship between the two countries has resulted in transformative results in Guyana.
“China has supported not only large projects but smaller projects which have had a significant impact on the country,” the Minister said.
He referred to some of these initiatives such as the provision of sports coaches, training of staff for small businesses, scholarships and cultural exchanges, which have all served to benefit the people of Guyana as well as enrich the relationship between the two states.
The scanner for which the certificate was received is a highly sophisticated piece of equipment which will be put into operation in the coming weeks by the GRA after its official unveiling.
Speaking with this publication, Mr. Sattaur had said that the new scanner will significantly boost its system.
The scanner which is worth RMB¥ 600,000 (US$98,640) was donated to Guyana earlier this year by the Chinese Government.
The mobile scanner is transported by a Volvo truck and is designed to inspect a container within one minute.
The Scanner is manufactured by the Chinese firm –NUTECH and uses the latest technology in x-ray imaging.
It is the latest instrument to be used by GRA as it strives to enhance its export surveillance ability.
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