New Delhi/IBNS, Nov. 5 -- India will extend a new $500 million line of credit to Guyana, External Affairs Minister S. Jaishankar announced on Wednesday after meeting Guyanese President Irfaan Ali at the Commonwealth summit in Antigua and Barbuda.

The two sides also signed three agreements, including one on digital public infrastructure and a payments system in Guyana similar to India's UPI, according to the Ministry of External Affairs.

What the credit line will fund

Jaishankar said on X that the credit line is meant for road, health and defence projects.

The ministry's statement described it more broadly, saying it would support Guyana's development priorities and infrastructure projects.

It said India has already completed several ...