Business

CDB President
Dr William Warren Smith
CDB President Dr William Warren Smith

CDB President sees key role for private sector in region’s post-Covid recovery pursuits

As Caribbean governments continue to contemplate a way back from the devastation inflicted on the region’s respective economies arising out of the still raging coronavirus, outgoing President of the Caribbean Development Bank (CDB) Dr William Warren Smith says that as part of the recovery process, countries should cede a bigger role to their respective private sectors.

CARICOM gearing for another tilt at NCD’s, child obesity

Locked in what appears increasingly, to be an uphill battle against childhood obesity, and what has been described as the “regional epidemic” of non-communicable diseases (NCD), the Caribbean appears to be preparing for its latest pushback against these twin scourges that lie close to the top of the region’s key health concerns.

Kitco

Gold Prices for the three day period  ending Thursday March 25, 2021 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock Market Updats

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 907’s trading results showed consideration of $12,637,918 from 127,803 shares traded in 18 transactions as compared to session 906’s trading results which showed consideration of $18,136,621 from 216,244 shares traded in 33 transactions.

Still no national IYFV programme

If we appear persistent in our call for the government to prepare, publish, and implement a countrywide programme of activities to mark International Year of Fruits and Vegetables (IYFV), so designated by the United Nations since December last year, that is because we see possibilities not just for Guyana’s participation in a global event that can boost the morale of the large numbers of local farmers during a period of trials and frustrations, but also because we can use IYFV as an important base on which to further consolidate an agricultural sector that is of significance to building a food-secure regime both here in Guyana and in the wider Caribbean.

FAO sub-regional coordinator Renata Clarke

Caribbean exploring technology to mitigate climate change challenges

With threats to food security in the Caribbean looming large on account of the increasing impact of climate change on the region’s agricultural sector, and more recently, the onset of the COVID-19 pandemic, Caribbean Community (CARICOM) member countries in partnership with the Government of Canada and the Food & Agriculture Organization (FAO) through its “Cooperation for Climate Change Adaptation and Resilience in the Caribbean” initiative are embarking on a drive to help the region adapt to climate change through the application of digital technologies.

Venezuela, Iran oil partnership outlasting Trump presidency

Whilst fear of US sanctions still appears to be serving as a deterrent to international oil companies doing business with both Iran and Venezuela, the two countries are reportedly finding ways of helping each other resolve their oil-related problems associated with the sanctions imposed by the United States. 

Caribbean long-term post-COVID recovery still ‘up in the air’: World Bank President

As international organisations continue to increase their focus on the prognosis for both the speed and extent of Caribbean economies’ recovery from the effects of the COVID-19 pandemic, the World Bank was last week projecting that while there is likely to occur a ‘degree of recovery” in Caribbean Community (CARICOM) countries this year, the ongoing impact of the pandemic notwithstanding, it was unlikely that the extent of that recovery would be sufficient to compensate for the ravages of 2020.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 906’s trading results showed consideration of $18,136,621 from 216,244 shares traded in 33 transactions as compared to session 905’s trading results which showed consideration of $9,104,182 from 48,311 shares traded in 25 transactions.

`Economic Diplomacy’ on a hiding to nowhere?

One of the articles published in this week’s issue of the Stabroek Business addresses the efforts which we stated are being made by Chief Executive Officer of the Guyana Office for Investment (GO-INVEST) Dr Peter Ramsaroop and Minister of Foreign Affairs, Hugh Todd, to draw attention to the government’s efforts, through the vehicles of their respective portfolios, to create a climate more convivial to attracting foreign investment.

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