The Inter-American Development Bank (IDB) green-lit a $350 million loan to help Guyana overhaul its social safety net. This wraps up a two-part funding program, with Canada’s Global Affairs helping finance the first round. The bank’s board was impressed by Guyana’s solid economic track record and genuine push for social change.
Guyana has been rolling out these programs since 2023, focusing on people who need help most. The numbers speak for themselves: over 82,000 seniors are already getting support, and more than 6,000 people with disabilities have received assistance through existing programs.
The Ministry of Human Services and Social Security plans to bring their services into the digital age, making it easier and cheaper for people to access help. They’re expanding pension programs with electronic payments, boosting disability services, and growing their Learning Lab where people with disabilities pick up job skills and life management techniques. Women entrepreneurs will get a boost too, with business training and legal know-how through the Women’s Innovation and Investment Network.
The funding tackles some tough issues head-on. It strengthens programs for survivors of domestic violence and human trafficking, creating a coordinated response that connects different agencies. This comprehensive approach means survivors get the support they need while authorities work together more effectively.
With 20 years to pay back the loan and a generous grace period, this deal shows the IDB’s confidence in Guyana’s vision for a society that works for everyone.
