Last updated in October 2018
In 2016, Germany and Guyana celebrated 50 years of friendly relations. A bilateral investment protection and promotion agreement has been in place since 1994. The Federal Republic of Germany has contributed to Guyana’s economic recovery through debt cancellation.
In development cooperation, Germany funds resource management and tropical forest preservation projects in Guyana. Through agreements between Germany and the Caribbean Community (CARICOM), Guyana is also indirectly involved in cooperation on sustainable economic development, the promotion of renewable energy and climate change adaptation. In addition, Germany provides assistance in the region through micro-projects.
Other cooperation and trade accords exist within the framework of the agreements between the European Union and the ACP (Africa, Caribbean, Pacific) states as well as between the EU and CARIFORUM (CARICOM member states plus the Dominican Republic).
Guyana expects to be able to begin exploitation of the extensive oil fields off its coast in 2020, with resulting economic growth of over 25 percent. However, it also remains committed to achieving an energy transition at home, the aim being to meet its own energy needs in full as soon as possible through water, solar and biomass power.
This text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.