Islamic Development Bank and IDB Group Announce $1 Billion Financing for Development in Suriname and Guyana

The Inter-American Development Bank Group (IDB Group) and the Islamic Development Bank (IsDB) renewed their strategic partnership and signed a memorandum of understanding (MoU), pledging 1 billion dollars over the next five years (2026-2030) to support development in Suriname and Guyana.

The partnership will focus on advancing inclusive and sustainable development in both countries, with investments focused on key sectors, such as transportation, energy, urban development, education, rural development, health, and resilience. The MoU also aims to deepen cooperation in areas that promote inclusive growth, including trade and investment, as well as sustainable transportation solutions that enhance regional connectivity and climate resilience.