US vetoed IDB loan for GYSBI shore base – …in line with Biden administration policy on funding for oil and gas

The United States used its voting power in October on the Board of the Inter-American Development Bank (IDB) to deny Guyana Shore Base Incorporated (GYSBI) a US$180 million loan after it had gone  through a two-year approval process, a move that has grave implications for Guyana’s developmental trajectory, according to the Company’s Executive Director Robin Muneshwer.

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