President Irfaan Ali and the Minister of External Affairs of India, Dr Subrahmanyam Jaishankar have signed three bilateral agreements including on a key payments interface and New Delhi has also announced a line of credit.
A release from the Office of the President said that among the agreements is a Memorandum of Understanding regarding Indian Grant Assistance for the Implementation of Quick Impact Projects (QIPs); a Memorandum of Agreement on Supply and Installation of Micro and Small Enterprises (MSEs) Manufacturing Projects; and an Agreement on Cooperation in the Field of Digital Public Infrastructure and the Functioning of a Unified Payments Interface (UPI)-like system in Guyana.
The meeting, which was held yesterday on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda, also included a comprehensive review of India-Guyana bilateral relations, the release said. It also discussed ways to further strengthen cooperation in areas of mutual interest.
Additionally, the Ministry of External Affairs announced India’s extension of a US$500 million new Line of Credit to support Guyana’s development priorities and infrastructure projects.
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