Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698077343761.pdf (Guyana)
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-4 CARIBBEAN DEVELOPMENT BANK P.O.

Box 408, Wildey St. Michael, Barbados, W.I.

Telephone (246) 431-1600: Cable Address "Caribank": Telex WB 2287: Telefax 426-7269 Ref: 16/51 LGL Minister of Finance Ministry of Finance P.O.

Box 101009 Georgetown GUYANA, S.A. -f Dear Sir: December 15, 2000 Re: Enhanced Heavily Indebted Poor Countries Debt.
Initiative for Guyana As you are aware, the Caribbean Development Bank (CDB) has provided debt service relief to Guyana under the terms of the Heavily Indebted Poor Countries Debt Initiative (our letter of October 21, 1999 refers).
We are now pleased to inform you that the Board of Directors' of CDB has approved the appropriation of a further amount of USD5.5 mn from CDB's Unified Special Development Fund (SDF(U) to be used to meet Guyana's debt service after June 30, 2002, or such other date as CDB may approve, on loans made by CDB to Guyana from CDB's SDF(U).

The loans affected by the debt service relief are Loans No: 7/SFR-GU, 8/SFR-GU, 10/SFR-GU, 11/SFR-GU and 12/SFR-GU.
We should be grateful if the Government of Guyana would confirm that the arrangements contemplated above are acceptable by signing and returning to me the attached copy of this letter.

Yours sincerely, 1/) LiAZ Neville V. Nicholls President Attachment The abovementioned arrangements are acceptable.

Signed this 3744 day of JAAii,44-,/ , 2001.

-4( Government of Guyana ••n•••••n••4......- Minister responsible for Finance cev L-°'°4, 1 -4 CARIBBEAN DEVELOPMENT BANK P.O.
Box 408, Wildey St. Michael, Barbados, W.I.
Telephone (246) 431-1600: Cable Address "Caribank": Telex WB 2287: Telefax 426-7269 /0> c January 25, 2001 Honourable Saisnarine Kowlessar Minister in the Office of the President Responsible for Finance Ministry of Finance Main & Urquhart Streets Georgetown GUYANA -+- Dear Minister: i Re : Enhanced IIIPC Debt Relief I itiative for Guyana I write with reference to your letter of January 5, 2001 (inadvertently dated January 5, 2000) addressed to Sir Neville Nicholls, President of the Caribbean Development Bank (CDB), in relation to the captioned subject and in which you indicated that the Government of Guyana has agreed to accept a contribution of USD 5.5 million from CDB to Guyana under the Enhanced HIPC Initiative.
I note, in particular, your concern regarding a perceived shortfall of USD 4.2 million between the World Bank's financing estimate of USD 9.7 million for Guyana and CDI3's contribution of USD 5.5 million and wish to assure you that the donor countries within CDB's membership, viz., Canada, Germany, Italy and the United Kingdom, have advised CDB that they would be meeting the shortfall (originally estimated at USD 5.0 million) among themselves from out of their contribution to the HIPC Trust Fund, I trust that the foregoing clarifies any doubts which you might have had regarding the financing package for Guyana under the Enhanced HIPC Initiative and take the opportunity to reassure you that the package of USD 9.7 million is fully funded.
With best wishes.

-4- Yours sincerely, N.L.

Gra er Vice-Pre ident (Corporate Services) and Bank Secretary (Ag.)