The World Bank yesterday approved US$7.5m ($1.5b) for the Guyana COVID-19 Emergency Response Project to support the country in tackling the current pandemic.
Earlier this month a US$22m loan was approved by the Inter-American Development Bank (IDB) for the purchase of medical equipment and personal protective equipment for frontline workers among other things.
A release from the IDB explained that the sum which was released under the Contingent Credit Facility for Natural Disaster and Public Health Emergencies will be used to finance public expenditures necessary to contain transmission of the disease and mitigate further health and economic consequences.
Specifically the loan is earmarked for the purchase of medical equipment, laboratory equipment and inputs, ambulances, and personal protective equipment for health workers, surveillance officers, border personnel.
That's US$29.5 M borrowed for COVID-19 Pandemic ,let's hope the money are spend for the intended use and not diverted somewhere else. That's lots of money for a population of 750,000.