Breaking News: Guyana and the Bank of China have reached an Agreement of €160.8 million…….

Regarding the Guyana-China relationship, it is important to highlight Irfaan Ali’s opinion on bilateral relations in an interview given in January 2023 to The Leaders Talk, a television program on the China Global Television Network (CGTN): “We see China as an important part of the energy equation of our country. We continue to encourage China, as we encourage everyone, to participate fully in the bidding process of this energy platform that we are developing at a global scale”.

 

It’s worth mentioning that China and Guyana have reached a deal about a loan agreement with the Bank of China for €160.8 million ($172.4 million) to advance the construction of the new Demerara River bridge. The project, which has been long in the making, was awarded to a joint venture formed by China Railway Construction Corporation, China Railway Construction Company and China Railway Construction Bridge Engineering Bureau Group.

Regarding food security, it is worth considering that the country receives wheat donations from the United States. Guyana is co-chair of the U.S.-Caribbean High-Level Action Committee for Food Security. There are two problems to be considered: (1) wheat consumption, for example, is the result of European colonization, and the tropical climate creates difficulties for its production in the country. As a result, it depends on imports to satisfy domestic demand. Without the ability to import, food security is seriously compromised; (2) agriculture in

Because of this, the government of Irfaan Ali is encouraging investments in the construction of infrastructure to integrate the country and make new investments possible, notably from private companies. Even though the nation has become a net oil exporter, it does not have refining capacity and the possibility, in the short term, of significantly expanding electricity production, a precondition for advancing in traditional sectors of the economy, such as oil extraction and mining, specifically bauxite, a raw material for aluminum production. The following image, published on July 7, shows President Irfaan Ali at the inauguration of a new blast furnace at the industrial plant of the Chinese company Bosai.