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.

A less than satisfactory number of University of Guyana (UG) students and former students have taken advantage of the Independence Jubilee reduced tuition fee repayments, resulting in the Guyana government being still saddled with a huge number of outstanding student loans, Finance Minister Winston Jordan said Monday.