INDIA-GUYANA BILATERAL TIES: INTERNATIONAL RELATION

NEWS: Modi first Indian PM to visit Guyana in 56 years, signs 10 pacts to expand ties

WHAT’S IN THE NEWS?

PM Modi’s historic visit to Guyana after 56 years strengthened ties through 10 agreements in defense, digital payments, agriculture, and energy security.

India-Guyana Bilateral Visit (2024)

Historical Milestone:

  • First visit by an Indian Prime Minister to Guyana in 56 years, marking a turning point in bilateral relations.
  • PM Modi recalled his personal connection with Guyana from his visit 24 years ago, symbolizing long-standing ties.

Key Agreements and Cooperation Areas:

Digital Payments:

  • Introduction of India’s UPI (Unified Payments Interface) system in Guyana to enhance financial inclusion and foster fintech collaboration.

Defense:

  • India provided two Dornier aircraft to Guyana.
  • Commitment to support military capacity building through scholarships and training programs.

Agriculture:

  • Supply of millet seeds to Guyana to support food security.
  • Establishment of Jan Aushadhi Kendras to ensure affordable access to essential medicines.

Energy Security and Economic Collaboration:

  • PM Modi emphasized Guyana’s role in India’s energy security.
  • Proposed a long-term partnership blueprint for economic growth and strategic collaboration.

Global and Regional Dynamics:

  • Discussions on regional and global development issues, reflecting shared visions for cooperation.
  • Guyanese President Mohamed Irfaan Ali praised Modi’s governance as a model for developing nations.

Significance:

  • Strengthened India’s engagement with South America.
  • Highlighted Guyana’s importance as a strategic partner in energy and economic sectors.