The Berbice Bridge Company Inc. (BBCI) featured prominently in last week’s news, following a media briefing by board officials at which the urgent need for the approval of increases in toll fees for vehicles and vessels using the Bridge, was highlighted.
Last week, we discussed the concept of Public Private Partnerships (P3s) by providing a broad perspective of what a P3 arrangement is about; how it differs from privatization; the rationale for entering into P3 arrangements; its advantages and disadvantages; and the various models of P3s.
Introduction Last week, we discussed the Privatisation Policy Framework Paper that was prepared in 1993 to guide the privatization that the Government had embarked on in 1988 as part of the Economic Recovery Programme entered into with International Monetary Fund.
In our article of 23 April 2018, we discussed Guyana’s Budget Transparency Action Plan (BTAP) that the Government had developed in 2015.
Last week, we discussed Guyana’s Budget Transparency Action Plan (BTAP) that the Government had developed in 2015 with the objective of improving the budget process and more generally of enhancing transparency and accountability.
In our article of 9 April 2018, we had urged the Public Accounts Committee (PAC) “to continue its efforts to bring its examination of the public accounts up-to-date and to impress upon the Administration the importance of having all the actions contained in the BTAP (Budget Transparency Action Plan) undertaken with expedition, especially as they relate to the accountability timeframe”.
I will not pay bribes, I will not seek bribes, I will work with others to campaign against corruption, I will speak out against corruption and report on abuse, I will only support candidates for public office who say no to corruption and demonstrate transparency, integrity and accountability.
During a recent hearing on the examination of the 2016 public accounts, the Public Accounts Committee (PAC) questioned the Regional Executive Officer (REO) of Region 2 on the use of some $250 million from the Region’s current appropriation for 2017 to finance the cost of several projects of a capital nature, without the requisite approval.
The good news is that the authorities have decided to place into the Consolidated Fund the signature bonus of US$18 million that it received from ExxonMobil, and whenever the funds are needed parliamentary approval will be sought, presumably via a Supplementary Estimate.
Before proceeding with today’s article, we refer to the Government’s announcement that nine companies are interested in the allocation of the remaining oil blocks and that it is exploring options for both direct engagement and selective bidding.
The authorities have decided to remove the Guyana Sugar Corporation (GUYSUCO) from the portfolio of entities under the Ministry of Agriculture and place it under the Ministry of Finance via the National Industrial and Commercial Investments Ltd.
Guyana has moved four points up on the Corruption Perceptions Index (CPI) for 2017, from 34 to 38, with a ranking of 91 out of 180 countries surveyed.
Last week, we highlighted the key provisions of the Petroleum Commission Bill 2017 which has been referred to a Select Committee of the National Assembly for detailed scrutiny.
The legitimate authority for the collection of all State revenues is the GRA, and no Minister or official should have the discretion to decide what amount of such revenue should be transferred to the Consolidated Fund.
Last week, we carried our second article highlighting the key findings and recommendations contained in the International Monetary Fund (IMF) report entitled “Guyana: A reform Agenda for Petroleum Taxation and Revenue Management” dated November 2017.
Last week, we began to highlight the key findings contained in the IMF report entitled “Guyana: A reform Agenda for Petroleum Taxation and Revenue Manage-ment” dated November 2017.
Accountability Watch welcomes last Thursday’s release of the agreement between ExxonMobil’s subsidiaries and the Government of Guyana, notwithstanding that it was not a voluntary act on the latter’s part.
The Conflict of Interest and Ethics Commissioner of Canada has found that Prime Minister Justin Trudeau violated some provisions of the Conflict of Interest Act when he vacationed last Christmas season on a private island owned by the Aga Khan, including the use of the Agha Khan’s private helicopter.
In our last article, we referred to the US$18 million signing bonus that the Government received from ExxonMobil.
Last week, we concluded out review of the report of the Public Procurement Commission (PPC) on the procurement of $632 million worth of drugs and medical supplies for the Georgetown Public Hospital Corpora-tion (GPHC).
This is our fourth article for the year on the procurement of pharmaceuticals for the Georgetown Public Hospital Corporation (GPHC).
Last Monday, the United Nations Framework Convention on Climate Change began its meeting in Bonn, Germany, mainly to review progress made since the 2016 Paris Agreement on climate change to which 197 countries are signatories.
This article is based on a presentation that I made at Moray House last Thursday evening.
A few weeks ago, I made a presentation on behalf of the Transparency Institute Guyana Inc.
Audit is not an end in itself, but an indispensable part of a regulatory system whose aim is to reveal deviations from accepted standards and violations of the principles of legality, efficiency, effectiveness and economy of financial management early enough to make it possible to take corrective action in individual cases, to make those accountable accept responsibility, to obtain compensation, or to take steps to prevent or at least render more difficult, such breaches.
The Audit Office of Guyana was established in 1884 as a Colonial Audit Department.
Another iceberg about four and a half times the size of Manhattan and measuring some 103 square miles in surface area, has broken off Antarctica.
Last Wednesday, the cities of San Francisco and Oakland in California filed separate lawsuits against five oil companies – ExxonMobil, Chevron, ConocoPhillips, BP and Royal Dutch Shell – seeking compensation to protect them against rising sea levels which they blame on climate change.
(Part III) Climate change is no longer an issue of the future. It is here and is staring at us as we witnessed the catastrophic effects of Hurricane Harvey that descended upon Houston, Texas, causing damage estimated at US$90 billion and a death toll of at least 70.
This column has been hesitant to comment on the recent visit to the Houston headquarters of ExxonMobil by five Ministers of the Government, the Petroleum Advisor to the President and two staff members of the Ministry of Natural Resources, until the fact are known as to the purpose for the trip and the source of funding.
A country’s natural resources, such as oil, gas, metals and minerals, belong to its citizens.
Where public resources are concerned or where the public interest is involved, there must be the highest degree of transparency in relation to the actions of both elected and non-elected public officials.
The news out of Nigeria, an oil producing nation, is that the court has ordered the seizure of a luxury apartment block owned by a former Minister of Petroleum Resources bought for US$37.5 allegedly from ill-gotten gains.
(Trump’s departure) doesn’t change the bigger picture: the moral, political, and economic incentives all seem to be aligning in favor of staying with the Paris agreement… It would be a morally criminal act for the world not to do its part.
It is right to save the future for humanity. It is wrong to pollute this earth and destroy the climate life balance.
The Board of the Georgetown Public Hospital Corporation (GPHC) investigated the circumstances surrounding the procurement of drugs and medical supplies early this year in the sum of $632 million.