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Republic Bank already decided to compensate customers for inconvenience

About three hours after the Bank of Guyana said it would be pressing Republic Bank Guyana to compensate customers for inconvenience stemming from an upgrade of its system, the Trinidad-headquartered financial institution said it had days ago already decided to do so. “Importantly, at the Bank’s Annual General Meeting on December 9th 2019, Chairman, Nigel Baptiste, announced that the Bank ...

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Bank of Guyana now responsible for sovereign wealth fund

Guyana’s central bank, the Bank of Guyana, on Wednesday formally took over responsibility for managing the Natural Resources Fund also known as the sovereign wealth fund (SWF), even as Guyana awaits word from the Federal Reserve Bank of New York (or the New York Fed) on due diligence where the monies will be deposited. Governor of the Bank of Guyana, ...

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United States disassociates itself from political scientist’s dated, private comments on Guyana

The United States on Tuesday disassociated itself from dated, private comments by American Political Science Professor Robert Evan Ellis who has forecast a likely victory for the opposition People’s Progressive Party (PPP) at the next general elections. The diplomatic mission said Ellis’ comments “in no way reflect an official position” and he had written those “last April before his employment ...

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APNU+AFC seeks to link US State Department official to PPP image makeover firm

The governing coalition of A Partnership for National Unity+Alliance For Change (APNU+AFC) Monday night slammed a United States (US) State Department Advisor on Latin America and Caribbean Affairs, Dr. Robert Ellis for predicting a “likely” People’s Progressive Party Civic (PPPC) victory at the next elections, by seeking to link him to a company that is helping to clean up that ...

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Guyana about to begin remapping for better land use, management

The Guyana government will shortly begin remapping the country for the first time in 50 years to give prospective and current land users a better idea of location, resources and features, officials said. Commissioner of the Guyana Lands and Survey Commission (GLSC), Trevor Benn says an US$18 million project was approved by the National Procurement and Tender Administration. Mr. Benn ...

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Four fired in Lands and Surveys crackdown on corruption

Four employees of the Guyana Lands and Survey Commission (GLSC) were dismissed this year for corrupt practices, a senior official of that semi-autonomous state agency said Monday. GLSC Human Resources Manager, Shonda James-Williams says the employees were fired because they had privately collected monies and promised to issue lands to potential clients of the commission. “We had about three employees ...

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Civil society should craft own oil and gas elections manifesto for political parties to endorse

Civil Society is being encouraged to formulate its own oil and gas manifesto for the upcoming general elections and give to the political parties to implement. This idea is being floated by the Policy Forum Guyana, an organisation that focuses on accountability and transparency issues related to natural resources, climate change and extractive industries. The role of civil society was ...

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PPP “likely” to win next elections but tighter anti-corruption efforts needed – US expert

The United States (US) will have to ensure that the opposition People’s Progressive Party (PPP) sticks to its promises to keep a lid on corruption, with the likelihood of that party winning next year’s general elections, a senior advisor at the US State Department asserts in a recent assessment of the political and security situation. “At the same time, given ...

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Angolan succeeds Guyanese as ACP Secretary General

(Kenya Broadcasting Corporation) Ambassador Georges Rebelo Pinto Chikoti, from Angola, is named the new Secretary General Designate of the Africa, Caribbean and Pacific (ACP) Group of States. Ambassador Pinto — who was picked from among three candidates: an Angolan, a Zimbabwean and a Mozambican — is succeeding Mr. Patrick I. Gomes, a former deputy from Guyana. Ambassador Pinto will be ...

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OPINION: It is reform season: believe at own risk

By GHK Lall For me, it is more than the silly season. I look in passing, in passing only, at the national elections landscape and it is at once comic, pathetic, and tragic. And when I lump all of those together, there are those elements from limited politicians, who think of themselves as the smartest people around, but who succeed ...

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