By Peter Richards BRIDGETOWN, Barbados, Jan 19, CMC – The President of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has been sent on administrative leave until April this year, as “an ongoing administrative process” continues at the region’s premier financial institution. Well placed sources told the Caribbean Media Corporation (CMC) that Leon’s computer and tablet have been ...

The Guyana government has been using 900,000 persons as a working estimate of the country’s population, against the backdrop of the national census picking up a lesser count, Vice President Bharrat Jagdeo said Thursday. “This is an internal estimate and this is my internal estimate based on the number that we see on people coming from services,” he said when ...

The Guyana government would be seeking an official explanation from the Caribbean Development Bank (CDB) about what is going on at that Barbados-headquartered financial institution after news surfaced that a number of officials were sent on leave, Vice President Bharrat Jagdeo said Thursday. “We’re going to try to find out a bit more about what is going on and from ...

Vice President Bharrat Jagdeo on Thursday said government was talking with the United States (US)-headquartered aviation company, Bell, to buy four helicopters for the Guyana Police Force and Guyana Defence Force as part of moves to boost the country’s defence capacity. “The army recapitalisation is a significant part of this budget too. There are significant expenditures here to expand the ...

Even as Guyana’s private sector is welcoming the GY$1.1 trillion dollar national budget, University of Guyana Economist Dr Thomas Singh sees the need for long term planning to guarantee growth while saving. While governments prefer to deliver annual programmes, he argued that Guyana could not achieve sustained economic growth by spending heavily on social and physical infrastructure on the basis ...

The  Caribbean Development Bank (CDB) late  Wednesday night confirmed that “administrative” action has been taken, but stayed clear of saying whether that several top officials have been sent on leave. “Caribbean Development Bank acknowledges an ongoing administrative process involving the President. The Bank will not be making any further comments on this internal matter at this time,” the Barbados-headquartered financial ...

Six students of Eteringbang Primary School in Guyana were late Tuesday afternoon rescued after their canoe capsized while they were returning home in neighbouring Venezuela, Guyanese police said. Police said at about 4:45 PM, their canoe took in water and sank  while they were returning from school to  San Martin,  community on the Venezuelan side of the border with Guyana. ...

Police on Wednesday said they were looking for a 38-year old man, who drove through a gate at his Cane Grove, East Coast Demerara residence, and killed his mother late Tuesday afternoon. Dead is 63-year old Ena Seecharran. Police were not immediately sure whether the man intentionally struck down his mother. “Police are looking for the driver who fled the ...

By GHK Lall The PPP Government promised Guyanese that the 2024 budget would have something in it for them.  It did.  But one needs a high-powered magnifying instrument to detect what is there for the poor and the vulnerable, and those who are most in need of a helping hand, in today’s Guyana.  It is a skyrocketing cost-of-living environment that ...

By Dr. Randy Persaud, Professor Emeritus Budget 2024 is now a reality. It was presented to the National Assembly and the nation by the indomitable Dr. Ashni Singh, Senior Minister in the Office of the President, with Responsibility for Finance. It is important to understand that the budget is not only about line-items, measures, or even big-ticket capital expenditures. Put ...