It was reported last week that the government holding company National Industrial and Commercial Investments Limited (NICIL) injected a further US$16 million into the Marriott project.
There is a lot of speculation taking place with respect to the likely voting behaviour of the population for the upcoming May 11 General Election.
It was reported last week that Mr Robert Persaud proposed the high cost of energy as the key constraint preventing the development of manufacturing in Guyana.
Part 2 By Tarron Khemraj Introduction Part 1 of this essay argued that the main motivation driving private investments under the Jagdeo-Ramotar dispensation is the desire to use political power for the purpose of expropriating economic and investment opportunities for associates of the ruling party.
Former President Jagdeo has carved out his own method of promoting private enterprise.
The 2012 preliminary census report – already two years late – is probably more famous for what it conceals than what it reveals.
Since independence several third or independent parties – UF, WPA, ROAR, GAP/ROAR and AFC – have won enough votes to have seats in Parliament, but none was able to win the election outright.
In part 1 of the column, I argued that cultural practices have to be observed within the constraints of politics and economics of the Guyanese society.
Part 1 Commenting on the Sonu Nigam concert, Mr. Romain Khan wrote a very perceptive letter titled `The Nigam concert and false consciousness’ (Stabroek News on May 12, 2014).
Recently several letter writers have questioned the veracity of Guyana’s GDP statistics, including the rate of growth of GDP.
The purpose of this column is to propose a non-exhaustive list of possible solutions for the crisis facing the sugar industry, a crisis mainly brought about by several political decisions over the years.
In the previous column (Apr 2, 2014), we observed two ideas relating to the origins of money – the Metallist view and the Chartalist view.
Introduction As far as policies promoting economic development go, I can think of few more important than greater economic integration of CARICOM.
If the PPP really wanted the Anti-Money Laundering and Countering the Financing of Terrorism bill (AML/CFT) it would have been passed since 2011 when it had the majority.
In the banking system of Guyana, Caribbean economies and many developing economies there is a surfeit of liquidity.
Introduction Foreign exchange (FX) markets in the emerging market economies are under pressure as economic growth in China slows and the Federal Reserve scales back asset purchases (takes liquidity out of the economy).
There have been much discussions and criticisms of APNU’s proposal of a social contract.
Development Watch – Tarron Khemraj Each year Guyana’s position in the world is made known by indices and data put together by global organizations such as the IMF, World Bank, Transparency International, The Economist Intelligence Unit, United Nations and others.
The press release on the Article IV consultation between Guyana and the IMF raised several important points, some of which dovetails nicely with the theme of unity and human development.
Introduction Many tend to believe, including yours truly, that if we can just chart a new constitution to promote some form of power sharing, establish the Public Procurement Commission, re-establish the Ombudsman, and similar good institutions the country could be on the path of economic certainty and national unity.
Introduction Recently the Bank of Guyana introduced a $5000 dollar note. Some see this as the result of inflation, while others see the move causing inflation.
Introduction Recently Minister Ashni Singh declared that the PPP will only implement the Public Procurement Commission (PPC) if cabinet gets an influence in the public procurement of goods and services.
Introduction The Stabroek News reported on October 24 that the Private Sector Commission (PSC) is deeply troubled about APNU’s statements regarding the Marriott project.
Privatization was seen as one of the “reform” measures for an economy transitioning from socialism to a marked-based capitalist economy.
Introduction GINA makes sure we are reminded that the G$208.8 billion budget is the largest ever presented in Parliament.