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flag IDB and IADB pledge $1B to boost sustainable development in Guyana and Suriname.

flag The Islamic Development Bank and Inter-American Development Bank Group have pledged $1 billion over five years to boost sustainable development in Guyana and Suriname, focusing on transportation, energy, education, health, and climate resilience. flag The funding, part of a renewed strategic partnership, aims to drive inclusive growth and regional connectivity across Latin America, the Caribbean, and Gulf States. flag The commitment supports infrastructure and public sector reforms as both nations expand oil production, though concerns persist over Guyana’s rising public debt despite claims of a declining debt-to-GDP ratio.

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