Business Review

Online scholarships

The Guyana Government has decided to fund 20,000 scholarships for various online degree and certificate programmes, which are going to be housed under the Guyana Online Academy of Learning (GOAL).

Electoral reform

Electoral reform ought to be one of the core institutional reforms needed for Guyana to evolve into a modern society without extreme inequality and circumvent political instability.

The BoG overdraft, central bank independence and corruption

The previous column (April 4: ‘The government’s overdraft at BoG, the fiscal deficit and corruption’) explained that the government’s fiscal deficit — which must not be confused with current account deficit as one online commenter did — has to be financed by (i) borrowing, (ii) seeking foreign grants, (iii) using previous savings, and/or (iv) creating money from its deposit at the Bank of Guyana (BoG).

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