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Monthly Archives: July 2018

Guyana moves one step closer towards establishing Sovereign Wealth Fund

The policy framework for Guyana’s proposed Sovereign Wealth Fund (SWF) is to be laid in the National Assembly in the coming days, to make way for eventual tabling of legislation that will provide for the involvement of the opposition in managing the expected huge windfall of oil revenues, Finance Minister Winston Jordan said. “It will have multiple layers of oversight…The ...

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Opposition to government moves against hot money

by GHK Lall News reports and commentaries have indicated that local foreign currency reserves are under serious pressure.  What is really happening here? Why? Who are the financial authors? Addressing these questions calls for some delving into history, and local contexts and developments, so that the picture becomes clearer, more sharply pointed. The year was 1981, the place France, and ...

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Granger did not slight Nagamootoo for likely talks with Jagdeo – AFC Leader

Leader of the Alliance For Change (AFC), Raphael Trotman on Friday said Prime Minister Moses Nagamootoo was not spurned for talks likely to be held between President David Granger and Opposition Leader Bharrat Jagdeo. Minister of State, Joseph Harmon earlier Friday confirmed that Granger has agreed to lead government’s delegation in the discussions, given Jagdeo’s position that Nagamootoo is a ...

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Finance Minister reluctant to give GECOM more money for Local Govt Elections; says agency must use leftovers

“I cannot be anything more than tight-fisted”…”This is not a beauty contest”- Jordan The Guyana Elections Commission (GECOM) on Friday signaled that it might ask the Ministry of Finance for more money to run off Local Government Elections (LGE), but hours later Finance Minister Winston Jordan virtually ruled out giving the elections authority more cash unless the need can be ...

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Granger to lead talks with Jagdeo in national interest

President David Granger has given in to the Opposition Leader, Bharrat Jagdeo’s position that the People’s Progressive Party (PPP) would not hold talks with government if Prime Minister Moses Nagamootoo leads the delegation. Minister of State, Joseph Harmon said the President was interested in holding the talks as part of government’s thrust towards dialogue and social cohesion. “We do not ...

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Public Infrastructure takes back responsibility for repair, maintenance of interior roads from GGMC

Amid a major lapse by the Guyana Geology and Mines Commission (GGMC) to award contracts for repair and maintenance of several interior roads in a timely manner, the Ministry of Public Infrastructure will next year take back responsibility for such works, Junior Public Infrastructure Minister Annette Ferguson announced Thursday night. In contributing to debate on an opposition-sponsored motion on the ...

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Revived Guyana People’s Militia more than 1,500 strong

The resuscitated Guyana People’s Militia, the reserve arm of the Guyana Defence Force, has recruited and trained 1,608 persons, Minister of State Joseph Harmon said The minister, who was responding to a question posed by the Opposition, said those persons were recruited at various levels and are between the ages of 18-35 and are physically and mentally stable for entry. ...

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Police, Public Service Commissions cleared in Granger-Jagdeo talks, despite objection to Paul Slowe

President David Granger on Thursday met with Leader of the Opposition, Mr. Bharrat Jagdeo to discuss the appointment of the Public Service Commission and the Police Service Commission, but Jagdeo said he registered his objection to the appointment of former Assistant Police Commissioner, Paul Slowe. “I expressed my concerns over a particular nominee, Mr. Paul Slowe, about how partisan he has ...

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Former US President Jimmy Carter seeks to jump-start political talks in Guyana

Head of the Carter Center, former United States President Jimmy Carter has made overtures to Guyana’s two top political leaders to get on with long-indicated talks, Opposition Leader Bharrat Jagdeo said Thursday. Carter last week called Jagdeo to enquire why the People’s Progressive Party (PPP) was, by President David Granger’s account, unwilling to meet with a government delegation to be ...

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Local Govt Elections date is Nov 12; PPP to name presidential candidate within three months

Local Government Elections will be held on November 12, 2018, Minister of Local Government, Ronald Bulkan announced Thursday. Addressing Toshaos from across the country in Georgetown for the National Toshaos Conference, Bulkan said the order would be gazetted by the end of Thursday. Guyana’s Parliament has already approved GY$2.1 billion in the 2018 National Budget for the holding of the ...

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