According to the Bank’s website, the proposed financing to Fernandes Guyana Enterprise consists of an 8-year Senior Loan of up to US$5 million, including a grace period of 1 year. The Company will use the Financing to fund capital expenditures and for working capital needs. The main development objectives of the Loan include: (i) promoting the Company's growth in Guyana, increasing the supply of national products while reducing imports of finished goods; (ii) promoting the productivity of the Company; (iii) promoting employment in Guyana through the expansion of the operations of the Company; (iv) diversifying the products and services provided by the Company in the Guyanese market; and (v) increasing and enhancing the Company's market linkages.
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ADDRESS: 1350 New York Ave NW, Washington, DC 20005
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