Minister of Finance, Winston Jordan, today, signed a Technical Cooperation Facility (TCF) and Support Services Agreement with the European Union (EU). The agreement is for the National Authorising Officer (NAO) for approximately G$922.8M.
Signing on behalf of the EU was Ambassador Jernej Videtič, EU Head of Delegation in Guyana.
Minister Jordan and the EU Ambassador share a moment after signing the agreement.
The Agreement assures EU support for the implementation of Guyana’s development strategies and policies. It will also support the operations of, and improve the institutional capacity within, the NAO Task Force in the Ministry of Finance for the efficient planning, implementation and monitoring of development projects and programmes financed by the EU.
The TCF will be used to provide short and long term technical assistance, policy advice and studies as needed in the programming, preparation or implementation of actions, as well as for audits and evaluation and to support the country’s public financial management (PFM) reform agenda.
Guyana shares a long standing relationship with the EU which is the main provider of grant funding to the country. Since the cooperation between the two countries began in 1976, the EU has committed over €500M.