Three of the four dailies on Friday headlined the second oil find by ExxonMobil at a well called Payara-1. Past predictions about the presence of petroleum deposits in offshore Guyana were confirmed when ExxonMobil announced its world class discovery, the largest for 2016, at its Liza well.
Following last week’s discussion of Sovereign Wealth Funds (SWF) as a mechanism for avoiding and/or controlling the triad of crises typically associated with booms in oil and gas export revenues, I describe below the Government of Guyana’s declared intention with regards to its own SWF.
A few days into the New Year, St Lucia’s Prime Minister, Allen Chastanet, suggested that all five of the Eastern Caribbean nations that sell Citizenship by Investment (CBI) should develop a joint approach through the OECS secretariat.
We must work to provide the knowledge and the surroundings which can enlarge the possibilities of every citizen. – Lyndon Baines Johnson, President of the United States of America (Excerpt from his inaugural address, January 20, 1965)
Whilst the illustrious Guyana Chess Federation (GCF) is vigorously attending to the preparation of its programme for 2017, and contemplating the manner in which it intends to enlarge the possibilities of citizens through chess, the column pauses to bring you some major international highlights of the past year.
Last month’s heavy rainfall brought unexpected flooding. Numerous people went to bed on December 22, 2016 and awakened on December 23, 2016 to the rising water around them, only to find out that some of the pumps were not working and the high tide did not help the situation either.
A small community in the Klein/Pouderoyen area, Phoenix Park is home to approximately 300 residents.
Said to be the first cooperative self-help housing scheme in Guyana, the community once called ‘Crab Bush’ was officially opened in November, 1966; the Barrs were the very first family to live in the village.
Hard on the heels of Donald Trump’s ascent to be President-elect of the USA, comes a striking example of racial tensions in that country with an incident involving public comments from Pamela Taylor, Executive Director of a government-funded non-profit group in Clay County, West Virginia.
Last week’s article discussed the things necessary to achieve stability and durability in the national economy. It recognized too that cooperation between the government and the private sector was necessary to achieve both stability and durability.