By Jomo Paul
[www.inewsguyana.com] – The government of Guyana has committed not to spend a US$17M that it received from the Inter-American Development Bank (IDB) to execute two projects before April 08.
The government made the commitment as the court case brought before the State by A Partnership For National Unity (APNU) Executive Member Carl Greenidge continued before acting Chief Justice Ian Chang.
Greenidge had filed a writ at the High Court to prevent the government from accessing the IDB loan. He told media operatives shortly after the court hearing that he was satisfied with the present development.
“We are pleased with the outcome because in a sense that is what we asked the Chief Justice to pronounce on,” said Greenidge.
According to Greenidge, as far as he is aware, the loans have been disbursed to the government and some of it has been deposited into the consolidated fund.
According to the writ filed, the plaintiff is asking that the proceeds under the Loan Agreements signed between Dr. Singh and the IDB be paid into the Consolidated Fund.
Greenidge is also asking that there be no withdrawal of the proceeds of the said Loan Agreements except by an Appropriation Act as directed by Article 217 of the Constitution and a declaration that no withdrawal of the proceeds of the said Loan Agreements be made, except to the limit specified in Article 219 of the Constitution and Section 36 of the Fiscal Management and Accountability Act.