Development Watch

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.

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.

Introduction This series of columns argue that Guyana will stay an underdeveloped country because the Constitution promotes competition for economic resources between the two main ethnic groups.

Introduction This series of columns focuses on the strategic interactions among four groups divided up along class and ethnic lines.

Introduction A controversy has emerged on whether Guyana’s external debt is sustainable.

Introduction I would like to remind readers about the four groups upon which the analysis is based (see previous column SN Jan 23, 2013).

 – Part 1 Introduction The previous Development Watch column (SN Jan 9, 2013) presented the idea that voters from one ethnic group face a great uncertainty problem as to how the voters of the other ethnic group will vote.

Introduction: The importance of credible signals The seller of a used car knows the history and quality of the car much more than the buyer who walks into the show room.

Introduction The proposed US$51 million Marriott Hotel in Georgetown is one of the primary anchors of the economic policy stance of the PPP government.

Introduction In the PNC years many government functions were done within the various ministries.

Introduction The University of Guyana is in the process of appointing a new Vice Chancellor.

Introduction This column takes a long-term view in analysing the 2012 budget, which is set to see spending of $193 billion in the next fiscal year.