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Company name

TEXILA AMERICAN UNIVERSITY GUYANA

Project number

14464-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Guyana

Sector

Social Infrastructure

Status

In implementation

Disclosed date

11/16/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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12/18/2023

Approval date

12/18/2023

Signed date

12/19/2023

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 4,000,000

Financing amount

USD $ 5,000,000

Currency

USD

Project scope and objective

Texila American University, Guyana (“Texila”) is a private University based in Guyana offering programs in Medicine, Public Health, Business Management and Information Technology. It was established in 2010 and was registered with the National Accreditation Council of Guyana (NACG). Texila is Accredited by the Caribbean Accreditation Authority for Education in Medicine and other Health Professions (CAAM-HP) and the Accreditation Commission on Colleges of Medicine (ACCM)

This expansion of the campus consists of the construction of living accommodations for their students and staff (the “Project”). The student hostel will be constructed on the University’s existing premises at Providence and the staff housing will be built at Ellenville approximately 2km from the campus. Under the proposed financing IDB Invest will lend up to US$5 Million.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

TEXILA AMERICAN UNIVERSITY - ENVIRONMENTAL AND SOCIAL ACTION PLAN

163.8 Kb

TEXILA AMERICAN UNIVERSITY - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

358.4 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

syam.k@tau.edu.gy

PHONE NUMBER

+ 592-265-7650

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .