Comments on: Remittances steady despite financial crisis

By: Caesar Agustus

Caesar Agustus — Mon, 17 Nov 2008 00:09:14 +0000

Mine still keeps coming to develop Guyana.

By: Light

Light — Sun, 16 Nov 2008 20:01:47 +0000

Again, thank god for the USA despite its imperfections !

And, the ’socialist’ led administration in Guyana is raking in billions of ‘capitalist’ dollars via VAT.

let us hope this money is not spent on political patronage, ( characteristic of the administration) and the PPP’s pet and propaganda projects.

By: amen-ra

amen-ra — Sun, 16 Nov 2008 15:31:36 +0000

i hope guyanese in the diaspora don’t give up on their love ones at home, despite the economic crisis.

By: Andy

Andy — Sun, 16 Nov 2008 12:20:01 +0000

“In Guyana, there are fears about the impact that the meltdown would have on remittances, which accounted last year for some US$424M, representing 43% of the country’s Gross National Product.” – Extracted quote.

I keep telling folks that if it weren’t for remittances, money laundering and foreign lons and grants that the Guyana economy would be in far worse shape. In short, the PPP government is running Guyana based on voodoo economics. That 3.5 percent economic growth recorded between January and June this year is a negligible blimp on a economic radar that shows 60 percent of the formal economy is made up of the informal economy.

Then Jagdeo talk about building ‘firewall’! Heheheh! Looks he’s doing a better job fooling people with his smokescreen than a firewall!