India announces extension of $500 million line of credit for Guyana

External Affairs Minister S. Jaishankar fulfills President of Guyana Dr Irfaan Ali on the sidelines of the Commonwealth Heads of Government Meeting 2026, in Saint John’s on Wednesday.

India has actually revealed an extension of a USD 500 million credit line for roadways, health and defence jobs in Guyana as External Affairs Minister S Jaishankar satisfied Guyanese President Mohamed Irfaan Ali in Antigua and Barbuda.

Jaishankar, who got here in St. John’s on Tuesday, fulfilled President Ali on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) on Wednesday.

“Delighted to meet with President Dr Irfaan Ali of Guyana. @presidentaligy. Reviewed the steady progress in our bilateral cooperation, especially after PM @narendramodi’s visit in 2024,” Jaishankar published on social networks on Wednesday after the conference.

The 2 leaders went over methods to even more reinforce cooperation in locations of shared interest, consisting of trade and financial investment, energy, farming, facilities advancement, digital innovation and capability structure, a declaration provided by the Ministry of External Affairs (MEA) stated.

“Announced extension of USD 500 mn Line of Credit for roads, health & defence projects,” Jaishankar stated.

India has actually currently finished a number of advancement tasks in Guyana, and the brand-new credit line will even more enhance the advancement collaboration in between the 2 nations, the declaration stated.

The 2 nations likewise signed 3 arrangements, consisting of on the supply and setup of Micro and Small Enterprises (MSEs) producing jobs and grant help for execution of Quick Impact Projects (QIPs), the declaration stated.

The 3rd arrangement was on cooperation in the field of Digital Public Infrastructure (DPI) and the Functioning of a Unified Payments Interface (UPI)-like System in Guyana, it stated.

India and Guyana share longstanding and close relations, rooted in historic, cultural and people-to-people ties. The nations are not just members of the Commonwealth however likewise Global South partners.

The 2 nations will continue to collaborate to reinforce their diverse cooperation and advance shared concerns for advancement and success, the declaration stated.

Previously, Jaishankar participated in a Commonwealth heads of federal government and magnate’ breakfast conference where he advised Commonwealth partners to “de-risk and diversify. PTI RD

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Published on November 5, 2026