Daily Archive: Monday, June 25, 2018

Articles published on Monday, June 25, 2018

World Bank approves US$35m for oil sector preparations

The World Bank Group today announced approval of a US$35 million Development Policy Credit to support Guyana’s efforts to bolster financial sector development and fiscal management to better prepare the country to tap its newly discovered oil and gas reserves and transform its oil wealth into human capital.

A coordinating committee after 5,000 jobs lost?

In the aftermath of the loss of nearly 5,000 jobs in the industry, Friday’s announcement by the Guyana Sugar Corporation that it has created a coordinating committee for its ‘Sustainable and Resilient Communities Programme’ and ‘Alternative Livelihoods Initiative’ can only be seen as another sign of the gross failure of the APNU+AFC administration to come to grips with its responsibilities.