During the first leg of his tour of IsDB’s South American member countries, Islamic Development Bank President, Dr. Muhammad Al Jasser, on Monday 25 September 2023, met and conferred with President Mohamed Irfaan Ali, where the two sides reaffirmed commitment to further enhance socioeconomic development cooperation.
The IsDB President, during the meeting, expressed gratitude to the Government of Guyana for the continued support and cooperation.
The two sides then reviewed the progress in IsDB development projects in Guyana including the construction of hydropower plants in the Moco Moco and Kumu areas which will increase the share of renewables in the country’s energy mix.
“We are proud of our relationship with IsDB,” Ali reiterated during the meeting with the IsDB President. H.E. Dr. Muhammad Al Jasser in the capital, Georgetown.
“Guyana aspires to become a global leader in energy, food & climate security and build an economy that will remain resilient for the long term,” Ali stated.
The President further outlined his vision for Guyana’s development trajectory including the building out of transformative infrastructure that is critical to securing the country’s competitiveness going forward.
IsDB President, H.E. Dr. Muhammad Al Jasser, stated: “Building a vibrant infrastructure in Guyana indicates the determination of the country’s leadership. I am impressed by the very entrepreneurial and driven team work to realize the country’s vision. Seeing a country building wealth is good news for all development practitioners.”
The two leaders also discussed innovative financing for present and future development projects in various sectors including those in Energy, Private Sector Development, Education, and Transport.
Earlier, Dr. Muhammad Al Jasser attended a meeting chaired by Guyana’s Prime Minister, Honourable Mark Philips, where he exchanged views with several cabinet ministers including the Senior Minister of Finance, Dr. Ashni Singh, Minister of Agriculture Zulfikar Mustapha, Minister of Housing and Water Collin Croal and Minister of Public Works Bishop Juan Edghill.
Dr. Singh highlighted to Dr. Muhammed Al-Jasser and the IsDB delegation Guyana’s efforts to promote a strong non-oil economy and in particular, one that is diversified and resilient. He reiterated that agriculture will continue to be a mainstay of the country’s non-oil economy.
According to a release by Ministry of Finance, the IsDB President stated: “It is impressive to see that Guyana’s agriculture is not relegated to the lower role in the economy.” He further added: “I am moved by seeing young people working as agricultural entrepreneurs.”
Guyana, joined the IsDB in 2016 during the David Granger/Moses Nagamootoo, A Partnership of National Unity and Alliance For Change government.
