Category Archives: finance and trade

Washington DC: Diaspora hears Govt’s development plans

Washington DC: Diaspora hears Govt’s development plans

By Francis Quamina Farrier

MEMBERS of the Guyanese Diaspora in the Washington, DC, Maryland and Virginia area of the United States, filled the public area of the Guyana Embassy in Washington, DC, on Friday April 21, 2017.     Continue reading

The “Terrorism of Money” and the Global War On Cash: Target India – Part I

The “Terrorism of Money” and the Global War On Cash: Target India – Part I

The big bankers of the world, who practice the terrorism of money, are more powerful than kings and field marshals, even more than the Pope of Rome himself. They never dirty their hands. They kill no-one: they limit themselves to applauding the show. Their officials, international technocrats, rule our countries: they are neither presidents nor ministers, they have not been elected, but they decide the level of salaries and public expenditure, investments and divestments, prices, taxes, interest rates, subsidies, when the sun rises and how frequently it rains.     Continue reading

Are we wasting foreign currency? – by Adam Harris

Are we wasting foreign currency?

Adam Harris

Guyana spends a lot of money on food imports, although the country is considered one of the more self-sufficient countries in the region. It can actually feed itself but then again, with disposable income people tend to seek a few luxuries.

I still remember the hullabaloo when there was what was called import restriction. The foods in this category were potatoes, sardines, salt fish, split peas and other lentils and of course, wheat flour. Needless to say, the hue and cry that went up was deafening. People started to complain that they were being starved.   Continue reading

Guyana: THE FALLING DOLLAR – commentary

Guyana: THE FALLING DOLLAR

Something is terribly wrong in Guyana. The value of the currency has plunged. But then again, this has been a trend dating back more than four decades. This is happening because we remain primary producers even as the world makes huge profits from primary products and return the refined product to the producers of the primary products.

It is critically important to understand precisely what makes the economy tick, and how different components must work with each other to produce positive outcomes. The Finance Minister was crucial to the budget presentations during the previous administration. When the situation worsened he was there when the then President Bharrat Jagdeo opted to close two sugar estates—at LBI and at Diamond.  Continue reading

The View from Europe: Responding to the coming trade disorder – By David Jessop

The View from Europe: Responding to the coming trade disorder

Published on March 11, 2017 – By David Jessop

David Jessop

  • A few days ago, an astute observer of the US political scene told me: “Watch what the new administration and Congress does, not what the president tweets. That is the secret of understanding future US policy.”

If this is correct, the Caribbean should ignore the noise and think hard about the implications of a nine-page document sent on March 1 to the US Congress by the office of the US Trade Representative (USTR). It makes clear the radical ambition of new administration.

In stark and confrontational terms, it sets out the president and his advisers’ zero-sum thinking on trade.     Continue reading

When one points a finger, three fingers are pointing back – Adam Harris

When one points a finger, three fingers are pointing back

 Mar 12, 2017  Features / Columnists, My Column  Adam Harris

The introduction of parking meters in the city is being blamed for just about everything, from a decline in business to a potential hit on the economy. Many businessmen in the city, as I mentioned recently, are claiming that their business has declined by as much as fifty percent since the introduction of the parking meters.

For one, these businesses are telling us that most of their shoppers are people who drive, when the reality is that eighty percent of shoppers are people who walk. They travel to the shopping centres by minibus, do their shopping, then head to the bus parks. The few drivers who shop are people who would buy some small item.   Continue reading

Guyana’s Natural Resources Minister, Raphael Trotman Woos Toronto’s Guyanese-Canadians

Guyana’s Natural Resources Minister, Raphael Trotman Woos Toronto’s Guyanese-Canadians

 March 8, 2017 – Caribbean Graphic

Natural Resources Minister – Raphael Trotman

Guyana’s Natural Resources Minister, Raphael Trotman was in Toronto over the Mach 4-5 weekend to attend a Mining Conference. During his brief visit, Trotman took the time to address a March 4 audience of Guyanese-Canadians at a Stakeholder Engagement Session titled “Guyana Rising From Potential to Prosperity”, which was held at Toronto’s Westmount Event Centre. The session was held primarily to update members of the diaspora on the progress of the rich oil find and the potential it has for the future of Guyanese at home and abroad.

With expectations soaring in the event of the expected revenues from oil, Trotman in his excellent presentation and very well received address, said the Government has identified several infrastructural projects, including the construction of the road from Linden to Lethem, building a deep water port at Crab Island, Berbice and at least two hydro power plants.   Continue reading

Guyana aims to shift economy from gold to green – by Molly Bergen

Guyana aims to shift economy from gold to green

Alluvial gold mining in the rainforests of Guyana.

Alluvial gold mining in the rainforests of Guyana. This is a medium-scale operation; many Guyanese work in the artisanal, small-scale gold mining sector, which is built around removing minerals from topsoils. As the gold runs out, the supply accessible from the surface will be the first to disappear, leaving many people in search of new livelihoods. (© Pete Oxford/iLCP)      Continue reading

Guyana needs clear strategy on spending oil earnings- UK envoy

 Guyana needs clear strategy on spending oil earnings- UK envoy

British High Commissioner to Guyana, Greg Quinn.

Britain says while Guyana appears to be progressing towards commercial oil production, there appears to be no clear indication on how the South American nation will spend some of the revenues.

High Commissioner to Guyana, Greg Quinn said Guyanese stakeholders need to discuss how the money should be spent on the social sectors and infrastructure while putting some of the earnings in a Sovereign Wealth Fund.    Continue reading

Guyana: Linden’s Mayor Forges Twinning With Newark City NJ in the US

Barbados Underground

Submitted by the CARIBBEAN GUYANA INSTITUTE FOR DEMOCRACY (CGID)

BROOKLYN: The Mayor of Guyana’s second most populous municipality, the town of Linden, will on Saturday February 4, apprise Lindeners in New York City of plans to twin Newark City, New Jersey with his town, as well as on his agenda to create jobs and redevelop the industrial town.

Mayor Carwyn Holland is expected to be joined by his Newark counterpart, Guyana’s Consul General to New York, Mrs. Barbara Atherly and Brooklyn elected officials, at a town hall meeting at on Saturday, February 4, 2017, at 3:00 p.m., at the St. Stephen’s Lutheran Church Auditorium: 2806 Newkirk Ave & East 28th Street, Brooklyn NY 11210. He will also meet with Newark City officials on Monday, February 6, to finalize twinning arrangements. Mayor Holland be accompanied by Ms. Tandika Miller, CEO of the Linden Enterprise Network (LEN), a development fund…

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