Category Archives: Economics/Finance

A Few Ways to Fix a Government – by Charity Wayua – TED video

A Few Ways to Fix a Government – by Charity Wayua – TED video

Charity Wayua

Charity Wayua

Charity Wayua put her skills as a cancer researcher to use on an unlikely patient: the government of her native Kenya. She shares how she helped her government drastically improve its process for opening up new businesses, a crucial part of economic health and growth, leading to new investments and a World Bank recognition as a top reformer.

Charity Wayua, in this fascinating talk, talks about how a small team of analysts with unusual backgrounds managed to diagnose a sticky problem that was keeping new businesses from thriving — and how they ended up making real change that drives prosperity and growth…… Watch video »

Caribbean Life News Update – 22 February 2017

Caribbean Life News Update -22 February 2017 Caribbean Life

Hamilton names office ‘Sanct­uary Senate District’

BY NELSON A. KING | BROOKLYN

In light of Presi­dent Trump’s Execu­tive Order putting in jeopardy the rights of immig­rant popul­ation in New York City and their families Brooklyn Senator Jesse Hamilton has declared his office to be a “Sanct­uary Senate District (SSD)” for the term of Presi­dent Trump’s execu­tive order.

American entrepr­eneurs head to Carib­bean for exchange program

BY NELSON A. KING | NATIONAL

The United States Depar­tment of State says 34 Young Leaders of the Ameri­cans Initi­ative (YLAI) Profes­sional Fello­wship hosts from busin­esses and civil society organiz­ations across the US have been selected to partic­ipate in the Reverse Exchange program, a new compo­nent of YLAI.

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Hot Topics in Guyana; Trump the Parking Meters – by Francis Quamina Farrier

Hot Topics in Guyana; Trump the Parking Meters – by Francis Quamina Farrier

demo-on-parking-meter

Parking meter demo

Over the past month, (January/February 2017) I have been accessing what is the most popular talking point by Guyanese here in Guyana. Certainly there is a tie with the actions of the new American President, Donald Trump, in the White House, and the actions of Guyanese who are for and against the recently installed Parking Meters in Georgetown. These two “Hot Topics” are discussed everywhere you go in this beautiful English-speaking country.   Continue reading

Dr Shashi Tharoor MP – Britain Does Owe Reparations for British Colonialism – video

Dr Shashi Tharoor MP – Britain Does Owe Reparations 

Published on Jul 14, 2015 – One of the best speeches by an Indian ever on the subject of British reparations. It’s from an Indian MP, Dr Shashi Tharoor, invited to speak at the Oxford Union Society in a debate on Reparations for British Colonialism. The debate’s proposition was ….Does Britain Owe Reparations to India And Other Former Colonies?

ABOUT THE OXFORD UNION SOCIETY: The Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. It has been established for 189 years, aiming to promote debate and discussion not just in Oxford University, but across the globe.

Barbados: Economy Between a Rock and a Hard Place With General Elections Looming

Barbados Underground

Submitted by Inkwell

barbados-election-map-2013 2013 Final Electoral Map, the government won by a 2 seat margin

1. Consider this argument. The Central Bank (CB) Governor has refused to print any more money for the Minister of Finance (MOF). The MOF needs printing to continue to pay civil servants and keep Government running. If the Government can’t pay the civil servants this month, all hell will break loose. Therefore the CB Governor has to be fired so that somebody who will agree to print the money can be appointed. These delays being granted by the High Court are making the MOF nervous. Time is of the essence. But Jeez, if the printing continues, the economy will only get sicker.

2. Foreign reserves are at an all-time low and heading further south, and with the poor tourist season we are now having, not much hope for recovery. The Government can’t even put its…

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Go-Invest Targeting Tourism, Agriculture and Light Manufacturing in 2017 – video

GINA Guyana

GINA Guyana

Go-Invest Targeting Tourism, Agriculture and Light Manufacturing in 2017

USA-Mexico Wall of Contention – By Rosaliene Bacchus

Three Worlds One Vision

us-mexico-border-cities

Our newly inaugurated president is intent on keeping his campaign promise to build a “big, beautiful wall” along our southern border and have Mexico pay for it. At an estimated cost of $12 to $15 billion, the wall will be over 994 miles long. About 621 miles of fences or other barriers already exist. Intended to deter rapists, drug dealers, and illegal immigrants, the wall of contention has developed into a trade war with Mexico.

During his first week in office, President Trump triggered a fight with Mexico via Twitter. If Mexico wasn’t willing to foot the bill for the border wall, the Mexican president should cancel his scheduled visit to Washington.

“The US has a $60 billion dollar deficit with Mexico,” President Trump tweeted. “It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost.”

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Barbados’ Foreign Reserves At Lowest Level In More Than A Decade

Barbados’ Foreign Reserves At Lowest Level In More Than A Decade

Governor of the Central Bank of Barbados Dr. Delisle Worrell

CARIBBEAN360 -BRIDGETOWN, Barbados, Wednesday January 25, 2017 – Barbados’ foreign reserves have fallen to the lowest level in 14 years, according to Governor of the Central Bank of Barbados Dr DeLisle Worrell.

However, Worrell sought to calm nerves by revealing that Government was anticipating over $250 million, although he did not say how much of that cash would come before the end of the current fiscal year, which ends March 31.    Continue reading

Guyana: Sovereign Wealth Fund will have effective budget stabilizing feature – Trotman

Sovereign Wealth Fund will have effective budget stabilizing feature – Trotman

— To also cater for environmental protection, funding of social protection projects

Natural Resources Minister, Raphael Trotman

While the intention to create a Sovereign Wealth Fund has earned the APNU+AFC administration much praise, there remains concern by some that the nation is yet to know what will be the specific features of the Fund.
Hoping to bring some clarity to the matter recently was Natural Resources Minister, Raphael Trotman. He told Kaieteur News that the Fund will have several features, one of which will be for budget stabilization.

“One must first understand that the Sovereign Wealth Fund is just a generic name. Most funds of this kind have several features which ours will have as well. However, the main characteristic of this Fund is to save money for the future generation which would be garnered from our oil wealth.”      Continue reading

The Caribbean: Selling citizenship and passports to subsidize budgets

The Caribbean: Selling citizenship and passports to subsidize budgets

By Bert Wilkinson – Caribbean Life News

Opinion - commentary -analysisWith their banana and sugar export industries having collapsed and revenues from tourism fluctuating yearly, the governments of the Eastern Caribbean sub grouping have been looking for additional ways to bring in state revenues.

Revenues have also declined because of their membership in the 15-nation single market free trade system, meaning that goods manufactured in the region enter ports largely duty free so little or no taxes are levied.

The result is that most of the independent nations in the nine-nation sub region have turned to selling citizenship and local passports for a fee to supplement revenue shortfalls from the disappearance of banana and sugar.

But the highly lucrative Citizenship by Investment Program (CIP) came under unprecedented scrutiny recently when CBS’s award-winning 60 Minutes program aimed an extensive investigative piece on the scheme.   Continue reading

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