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Daily Archives: December 7, 2013

Set up Sovereign Wealth Fund for hard times- CDB official

A top official of the Caribbean Development Bank (CDB) has recommended that Guyana set up a Sovereign Wealth Fund to save and invest some of its earnings from extractive industries ahead of any economic downturn. “It allows a government to save money in the good times so that when the bad times come around the government does not necessarily have ...

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“High tech” vehicular scanner to combat smuggling

Equipped with an “extremely high-tech” vehicular mobile shipping container scanner, imports and exports can now be checked at most locations to find un-customed goods, guns, explosives and drugs, a top Guyana Revenue Authority (GRA) official said. The agreement for the donation of the scanner was signed Friday by Finance Minister Dr. Ashni Singh and China’s Ambassador to Guyana, Zhang Limin ...

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