Missed opportunity The Guyana economy grew by an average of 5 percent over the last seven years but questions remain about the distribution of the wealth.
Focus There are six commercial banks in Guyana competing for the business of banking consumers.
(Conclusion) Due diligence In the first part of this article, an effort was made to discuss some of the things that often lead to charges of non-compliance with globally accepted anti-money laundering and countering the financing of terrorism standards.
Economic black hole The amount of work that Guyana has to do to clean up itself against domestic and international charges of corruption is phenomenal, and it is not going to be easy.
Conclusion Never easy Given the experience and frustrations over the years, many in the Caribbean are surprised that Caricom was able to see 43 years and seemed poised to, and capable of, reaching its golden jubilee in seven years.
Confidence This article is intended to share this writer’s understanding of the Caricom Single Market and Economy (CSME) and to begin the process of considering how it could be made to work better for Guyana.
Part 3 Movement of people and goods The previous sections of this article have sought to show that the road transport market is multidimensional and carries different risks for each income-generating sector of the market.
Varying specializations Last week, the process of this writer trying to understand the transport industry in Guyana began.
Movement of money One of the most important aspects of the global political economy is the finance structure.
Contribution In last week’s column, it was noted that small businesses make up a substantial part of the Guyana economy.
Contribution While small businesses may not generate as much money as large corporations, they are a critical component of, and a major contributor to, the strength of local economies.
New board As many Guyanese would be aware, a new governing board of the Guyana Revenue Authority (GRA) was established in June of last year to execute the mandates expressed in Section 12 of the Revenue Authority Act regarding the approval of policy, monitoring of the performance of the GRA and the discipline and control of the staff.
Minimum role Over the past three weeks, this writer looked at the challenges of revenue collection in Guyana.
(Conclusion) Properly and effectively In the second part of this article, this writer observed that revenue collection was not at its optimal position.
Functions The tax structure is used to collect the revenues that the government utilizes in its programmes, and is a function of the historical experience of the country.
Not simple The revenue challenge facing the new administration is not a simple one.
Important structure One of the most important structures in international affairs is the finance structure.
Reasons for trade deficit As was noted in the first part of this article, trade remains a very important element of the Guyana economy.
On the 26th of May 2015, President David Granger said “Our diplomats must open more markets”.
Resource gap The Bank of Guyana has been reporting for some time now on what it refers to as the resource gap.
Public affairs The government is responsible for several enterprises that are classified in the public accounts as public corporations.
Constant trade deficit Guyana, like several other countries, runs a constant trade deficit.