Minister of Finance, Winston Jordan on Tuesday signed a Technical Assistance Grant with the Caribbean Development Bank (CDB) for the infrastructural enhancement of the University of Guyana’s library. On March 1st this year, the University of Guyana (UG) and the CDB had signed a separate agreement on the initiative. A release from the Ministry of Finance yesterday said that other signatories to the agreement were President of the CDB Dr Warren Smith, and the Vice Chancellor of UG, Dr Ivelaw Griffith.

The University of Guyana is slated to get a new, modern library, with funding from the Caribbean Development Bank (CBD), the Government and the University finalized technical aspects of the project. In a statement Wednesday, the Ministry of Finance said the library will be a “gender-responsive, socially-inclusive and environmentally resilient facility.” The Ministry said the CDB had approved US$149,985.00 in grant funding for the project, while the Government and the University will contribute approximately US$26, 000.

The University of Guyana (UG) yesterday signed a grant with the Caribbean Development Bank (CDB) for just under US$150,000 ($31m) to begin the process for a new library while government has provided US$26, 000 towards the project.

The US$149,985 grant which has been provided under the bank’s technical assistance programme will fund a seven-month design and costing exercise which is the first phase in the construction of a modern library which will have less shelves and more computers.

The University of Guyana [UG] library is poised to become a hub for learning and innovation. Moreover, the Caribbean Development Bank [CDB] has not been opposed to lending financial support to the national university to realise this goal. Representatives of UG and CDB at a simple ceremony in the Vice Chancellery, UG Turkeyen Campus, announced that a grant of US$149,985 [approximately $30M has been approved to bring to fruition the construction of a new library.