In April 2009, CDB approved a loan in the amount of seven million five hundred thousand United States dollars (USD7.500 mn) to the Government of Guyana (GOGY) to contribute to sustainable economic and social development through increased productivity. GOGY contributed Counterpart Resources of USD2.122 mn.

The project’s overall objective was to foster an enhanced Technical and Vocational Education and Training (TVET) system. The intended results of the project were: (a) modern and well-equipped Technical Institutes (TIs) in Regions 3 and 5; and (b) an institutional framework for the development of the TVET sub-sector.