“In order for Guyana to qualify for financial disbursement under the 10th EDF Financing Agreement, the Sea and River Defence Sector would have to satisfy specific performance criteria in investment and performance targets, including detailed annual implementation plan, capacity building plan, annual condition surveys of all 160 km of manmade sea defences and implementation of an Annual Infrastructure Programme as outlined in the Sector Policy Implementation Plan,” said the EU in a statement.
The agreement was signed by Finance Minister, Dr. Ashni Singh. The Agreement was signed in EU HQ in Brussels by Ms. Jolita Butkeviciene, Director for Latin America and Caribbean of the European Commission's Directorate for Development and Cooperation (DEVCO).
Standard procedures, similar to EU agreements for other countries, specific to the project(s) in Guyana.