U.S. Exim Bank To Lend Us$550m For Guyana’s Second GTE Project

The Export-Import Bank of the United States (US EXIM Bank) has expressed readiness to provide up to US$550 million in direct debt financing to support Phase Two of Guyana’s flagship Gas-to-E`nergy (GTE) development at Wales, West Bank Demerara. The major financing commitment was announced on the sidelines of the 81st session of the United Nations General Assembly in New York, following bilateral discussions between Guyanese President Dr. Irfaan Ali and US EXIM Bank Chairman and President John Jovanovic. The prospective loan facility arrives as national electricity demand surges to historic peaks, while the initial phase of the industrial complex continues to navigate extended timelines, cost escalations, and technical delivery revisions.