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Daily Archives: August 28, 2015

CDB makes Emergency Relief Grant available to Dominica

BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) has announced that an Emergency Relief Grant of USD 200,000 is being made immediately available to the Government of Dominica in the wake of Tropical Storm Erika. Heavy rains from Erika impacted the island on Thursday causing loss of life and widespread devastation. The grant is being provided in accordance with the ...

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Legal, administrative hurdles about to be cleared for local govt elections

The Guyana Elections Commission (GECOM) says government has promised to pilot legislative changes through the National Assembly to pave the way for the holding of Local Government Elections (LGE). The elections management authority says government has also promised to issue an order for the Local Authority areas where the polls will be held and also widen the boundaries to take ...

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Govt mulls bailout of cash-strapped NIS

Finance Minister, Winston Jordan on Friday announced that government could soon be going into the Consolidated Fund to bail out the cash-strapped National Insurance Scheme (NIS). Contributing to the debate on the amendment of the Income Tax Act, he said it would be a “real struggle” to find GUY$5 billion to put back into the social security scheme to which ...

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Guyana offers to rush relief to storm-ravaged Dominica

Guyana’s government and opposition on Friday united in expressing solidarity with the people of Dominica whose island has been devastated by Tropical Storm Erika. Prime Minister Moses Nagamootoo announced that Guyana was read to rush relief to the Caribbean island where 12 people were killed, 20 others missing,  buildings demolished and bridges and roads washed away. “The government and people ...

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Finance Minister denies refusing to answer opposition questions on budget

The Finance Minister has denied dodging budgetary questions during scrutiny of the 2015 estimates as is being touted by the People’s Progressive Party (PPP). The opposition is bitter over the fact that scrutiny of the estimates was reduced to three days and claimed that the Finance Minister himself was “arrogant” and not forthcoming with information. During a press conference a ...

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Govt’s proposed Berbice Bridge toll reduction in limbo

While the government has vowed to reduce the Berbice Bridge toll as at September 1, they now fear that delay tactics are being employed to frustrate the fulfillment of that 100 day campaign promise. This is according to Minister of Finance Winston Jordan during post-Cabinet’s weekly press briefing Friday August 28. The Minister pointed out that despite previous discussions held ...

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UG not in need of student loan subvention- Finance Minister

Minister of Finance Winston Jordan says that the University of Guyana was not alloted anusums in the 2015 Budget estimates because there is enough in the agency’s revovling fund. The Minister was responding to opposition allegations during Cabinet’s press briefing Friday August 28.The People’s Progressive Party (PPP), in scrutinizing the budget estimates, pointed out that there was nothing allocated to ...

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