Money laundering and offshore financial centres

Introduction At this point of the ongoing discussion of the money-laundering situation in Guyana, readers would have come to realize that they cannot expect to form an intelligent appreciation of this issue, and as a result the several serious challenges which the country presently faces, without, at the very least, a rudimentary appreciation of the basic contextual issues surrounding this phenomenon.

The origins of money laundering

Introduction This week’s column provides a highly condensed, yet hopefully accurate portrayal of the origins of money laundering, which as we shall observe is a uniquely modern phenomenon.

Guyana and money laundering: What is money laundering?

Introduction The two topics that have dominated national as well as parliamentary debates on Guyana’s political economy in recent months are, namely, the future of the Amaila Falls Hydropower Project and Guyana’s money-laundering legislation in light of its regional and global regulatory obligations.

The management of the public investment programmes

Conclusion The last topic left to be considered in this rather extended appraisal of the management of Guyana’s public investment programme is its third and fourth phases, namely, project management and implementation and the conduct of ex-post evaluation audits of projects. 

GPL and the Amaila Falls Hydropower Purchase Agreement

Judging by the numerous requests which I have received from readers to comment on the Hydropower Purchase Agreement (PPA) between GPL and Amaila Falls Hydropower Inc (AFH Inc) this seems to be, by far, the public’s most troubling concern about the Amaila Falls Hydropower Project (AFHP).

The presidential spectrum giveaway and opportunistic rogue investing

Introduction Last week’s column argued that because the Marriott project has no discernible origins in the most recent complete and systematic indication of the government’s investment strategy (the 2011-2015 Poverty Reduction Strategy Paper) it is fair to assess that project as an opportunistic rogue investment.

The Path to Guyana’s Troubled Public Projects

Guyana and the Wider World

Introduction: At the end of last week’s column I had indicated that, beginning this week, I would merge my on-going consideration of the decision-making process in regard to Guyana’s public investment projects into a wider discussion of the National Budget 2013.

Guyana’s public indebtedness since 2006

Guyana and the Wider World

Part 2   Introduction This week I continue the discussion of the burden of Guyana’s public indebtedness since the official introduction of its rebased 2006 price series GDP estimates.

Guyana’s public indebtedness since 2006

Guyana and the wider world

Part 1 Problems of measurement For my remaining columns commemorating the Third World Debt Crisis (TWDC) I shall focus the discussion on Guyana’s public debt situation since 2006. 

Guyana’s debt crisis: A view of the ‘worst of times‘

Guyana and the wider world

In this and the next couple of columns to follow, I shall broadly address Guyana’s public debt situation since the eruption of the Third World Debt Crisis (TWDC) in 1982, the year in which Guyana also announced its first default on its public debt obligations.

Global financial meltdown and Caricom’s public indebtedness

Guyana and the Wider World

Global financial meltdown My efforts to draw readers’ attention to the fact that the Third World Debt Crisis, which started 30 years ago in Mexico (and as I noted Guyana also) is alive and well today is by no means intended to diminish the magnitude of today’s sovereign debt problems, which now centre on the First World economies.

The worst of times: Guyana and the Third World debt crisis

Guyana and the Wider World

When I began my last series of Sunday columns (September 2, 2012) on the topic ‘Revisiting the political economy of the Guyana sugar industry’, which I concluded last weekend  (December 23),  I did not anticipate it would take as many as 17 weekly columns for a reappraisal of the industry with recommendations for its reform.

Guyana: Sugar reform

Guyana and the wider world

Part 2 This week I shall conclude my discussion of the reform of Guyana’s sugar industry started on September 2, 2012.

GuySuCo: Spending more to produce less sugar

Introduction Recently, while examining the archival material in my possession on GuySuCo, I came across three documents which I believe readers would find instructive at this stage of my consideration of the sugar industry.

GuySuCo and the burden of outside leadership

Introduction In last week’s column I urged the point of view that, the most important performance indicator for GuySuCo during the period of the Turnaround Plan, which has elapsed so far (2009 to the first crop 2012), is its annual sugar production.

What the Performance Indicators Reveal

Introduction Last week I argued the realisation of sufficient economies of scale for Guyana’s sugar industry to make it globally competitive is unlikely simply because these would not result in a substantial lowering of the long-term average cost of production at output levels of 450,000 tonnes.

Guyana’s Sugar: The Elusive Search for Economies of Scale

Globalisation and Sugar Today’s truly fundamental defining feature of the condition of the Guyana sugar industry (and Guysuco more particularly), is that, several decades ago it became mature, and from all appearances since the 1960s, it has entered a long-run declining phase, as described in classic industrial and firm theories.

The Fall of “King Sugar”

Introduction In last week’s column I presented a graph, which illustrated both the downward trend and the wide variations in sugar production for Guyana over the last half-century or so.