India Extends $500 Mn Line of Credit to Guyana

India has extended a USD 500 million line of credit to Guyana for roads, health and defence projects, External Affairs Minister S. Jaishankar announced, according to PTI on 5 November 2026. The India Guyana line of credit was announced in St. John’s, Antigua and Barbuda, on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM).

Jaishankar met Guyanese President Irfaan Ali on Wednesday. He wrote on social media: “Announced extension of USD 500 mn Line of Credit for roads, health & defence projects.”

What Does the India Guyana Line of Credit Cover?

The credit covers roads, health and defence projects. Three agreements were also signed:

• Supply and installation of Micro and Small Enterprises (MSE) manufacturing projects.
• Grant assistance for implementing Quick Impact Projects.
• Cooperation on Digital Public Infrastructure, including setting up a UPI-like payments system in Guyana.

What Did the Two Sides Discuss?

The talks covered bilateral cooperation, including trade and investment, energy, agriculture, infrastructure development, digital technology and capacity building. Jaishankar said he reviewed steady progress in ties, particularly since Prime Minister Narendra Modi’s 2024 visit to Guyana. The PTI report says India has already completed several development projects in Guyana.

At a Commonwealth breakfast meeting for heads of government and business leaders, Jaishankar urged partners to “de-risk and diversify”.

Market and Trade Reaction

No market or trade reaction was found in the sources reviewed.

What Happens Next?

The reports do not give terms, interest rates or project timelines for the line of credit, or a schedule for the payments system. These details were not available in the sources reviewed.

Frequently Asked Questions

How much is the line of credit for Guyana?

USD 500 million, for roads, health and defence projects.

Where was it announced?

In St. John’s, Antigua and Barbuda, on the sidelines of CHOGM.

What is the payments agreement about?

India and Guyana signed a Digital Public Infrastructure cooperation agreement that includes setting up a UPI-like payments system in Guyana.

Source: PTI (via DT Next), 5 November 2026; Deccan Herald (via Newswire), 6 November 2026.