The Caribbean Development Bank (CDB) has approved US$50 million in financing for Guyana through its Second Environmental Sector Policy-Based Loan (PBL), a funding package aimed at strengthening the country’s response to climate change and natural resource management, the Bank said in a release.
The financing, secured by the Government of Guyana, will support practical actions for resilience and development that benefit both people and nature. It forms part of CDB’s US$175 million two-loan programme for Guyana, which began with a US$125 million disbursement in July 2025. The loan is financed through CDB’s Ordinary Capital Resources and contributes to maintaining fiscal stability as Guyana scales up climate-resilient infrastructure and environmental management systems.
“As Guyana continues to experience rapid economic expansion, this additional financing deepens our support for the country’s efforts to embed environmental sustainability into national policy and planning, ensuring that key reforms in biodiversity management, climate resilience and water governance are adequately resourced,” said CDB Director of Projects L. O’Reilly Lewis.
The second PBL aligns with the Government of Guyana’s commitment to equitable climate finance, enhancing community climate resilience and livelihood opportunities. It strengthens national institutions to better manage biodiversity, improves data and monitoring systems, enhances interagency coordination, restores carbon-storing ecosystems, and upgrades socially inclusive early-warning mechanisms for public health and climate-resilient water supply systems designed to withstand floods and droughts.
The loan also supports Guyana’s Low Carbon Development Strategy (LCDS) 2030 and its obligations under international frameworks, including the Paris Agreement and the Convention on Biological Diversity. It reinforces CDB’s climate action priorities under its Strategic Plan 2026–2035 and aligns with the Bank’s Country Engagement Strategy for Guyana, which focuses on reducing poverty and boosting climate and disaster resilience.
