No-nonsense programme When a country runs into financial trouble, it turns to the IMF for help, and depending on its level of development and financial health, the IMF gives it a structural adjustment programme to suit.
Early news The early news that has emerged from the new administration about the financial condition of Guyana is not good and one fears that it is likely to worsen as the stories about the condition of different parts of the economy unfold.
(Part 1) Equally worrisome The first part of this article considered what oil would mean for the production structure of Guyana.
Official announcement The official announcement last week that Guyana had oil in significant quantities is something that Guyanese were waiting a long time to hear.
Several promises By the time this article is published Guyana will have a new government.
Spirit and intent of the Act The “To Do List” of the next government is a long one.
Encouraging competition Last week’s article considered two of the three components of the economics of unity.
Change in mindset Last week’s article began a discussion on the economics of unity.
The current struggle In 22 days, the current struggle for political leadership in Guyana will be over and the preference of Guyanese as to who must lead them would be known.
Conclusion Alter the production structure Last week, this writer took a look at the financial profile of NICIL and its links to the long-term investment policies of the government.
Public policy analysis The analysis of the individual performance of the commercial banks that are part of the Lucas Stock Index (LSI) will conclude when the 2014 annual report of the Guyana Bank for Trade and Industry (GBTI) becomes available.
Attention of management As we continue the assessment of the performance of the commercial banks in Guyana, attention turns to Citizens Bank Incorporated (CBI).
Reputation Last week, this column took the opportunity to examine the performance of Republic Bank during 2014.
Sheer size Republic Bank (Guyana) ended 2014 with net assets of $13.6 billion.
Conclusion By Rawle Lucas Insight Last week, we looked at the structure of Massy, the business activities in which it was involved and the geographic spread of its markets.
Very little is said The Massy Group of Companies, formerly Neal and Massy before the rebranding exercise in 2014, has been in existence for 83 years.
Bad for business The labour dispute at the University of Guyana has brought to mind the debate of whether or not union activity and collective bargaining help or hurt the economy.
Economic life Guyana is not known as a major trading economy, though trade matters to its economic life.
Shameful The loan by the Guyana Geology and Mines Commission (GGMC) to the Central Housing and Planning Authority (CH&PA) raises once again the concern about the conscious mismanagement of the resources of the Guyanese people by the PPP/C government.
Negative territory For the first time in five years the stock index prepared by this writer has ended the year in negative territory.
The trick The President of Guyana on Tuesday January 20, 2015 announced May 11, 2015 as the date on which the next elections will occur.
Only comfort The most recent report of Transparency International (TI) makes one feel that corruption remains endemic in the society and fighting it is a waste of time.
No benefits The Guyana Sugar Corporation (GuySuCo) has been the subject of many letters in recent weeks.
Take stock The old year is over and a new one has just begun.
Negative attributes For the past 22 years, the country of Guyana has been administered by an alliance known as the Peoples Progressive Party/Civic or (PPP/C).
A remedy Five years after the collapse of Clico, the long-term portion of the insurance industry in Guyana exhibits a different profile in many of its activities.
Mood swing From all indications general elections in Guyana will be held in 2015.
New Governor The appointment of a new Governor of the Bank of Guyana would be major financial news in many parts of the world if Guyana was a major world economy.
Types of investment There are generally two types of investment: direct investment and portfolio investment.
Certainties of life It has often been said that death and taxes are the two certainties of life.
One-party state It is seven days now that Guyana is being managed without its parliament playing a role in the management process.
Universal subsidies On December 9, 2013, the International Monetary Fund (IMF) concluded its most recent Article IV Consultations with Guyana.
The Nixon Decision It is quite possible to contend that the price at which gold is able to trade today is a consequence of the collapse of the Bretton Woods system.
Head Down The Guyana economy has entered the last quarter of 2014 and the local stock market continues to languish below its closing value of December 2013.
Old ideas GuyExpo might have presented new experiences for many Guyanese, but it also brought home the reality of the tragedy of the history of the country.
Scope and power of government In the study of public finance, students come across several concepts which expose them to the scope and power of the government.
Conglomerates The manufacturing sector is the smallest sector in the Guyana economy, accounting for a mere seven per cent of the total output of the country in 2013.
Primitive to sublime The world in which we live is full of natural resources and the economics around them can bring many pleasant and regrettable memories.
Recent drama The recent drama surrounding the forestry sector in Guyana is likely to rekindle interest in the effect that exploitation of the natural resources can have on the country.
Over the last two weeks, Guyana’s forests attracted much media attention not because of any scientific discovery or technological breakthrough, but because of the economics surrounding their use.
Apprehension This article offers some observations on the half-year economic report which are made from the perspective of the likely behaviour induced by movement of the monetary variables of credit, foreign reserves and the exchange rate.
Revolting news In its mid-year report, the government disclosed that the Guyana economy grew by 3.2 per cent.
Important allies When one thinks about Region 10, it is usually in terms of extremes.
Frequent concessions In the world of international trade, there is something called national treatment.
Delayed release The preliminary 2012 census report is out but it does not provide data on employment and the labour force in general.
Inconsistent The disclosure that another hotel with an international brand will be built in Guyana has raised once again questions as to what the government’s real interest is in encouraging such types of foreign investment in Guyana.
Public good The Vice-Chancellor of the University of Guyana (UG) has proposed a hike in the tuition fees to be paid by students of the university.
Declining fortunes This is no time for naysayers to gloat about the declining fortunes of the gold industry and the conundrum of the rice industry.
Rogue drivers The minibus culture of reckless and indisciplined driving is expected to get worse as time goes by unless the police adopt a more aggressive attitude towards the rogue drivers in the industry.
Risk factors Atlantic Tele-Network (ATN), the parent company of GT&T, has told the Securities and Exchange Commission (SEC) that it continues to worry about several risk factors that could affect its operations in Guyana.