Economy

Administrative regions where mining is the main economic activity could get a small percentage of the earnings, if Cabinet greenlights the draft National Mineral Sector Policy Framework and Actions, officials said. Consultant and Exploration Geologist Sherwood Lowe told reporters that the recommendation was made by Region 10 Chairman Renis Morian during an outreach to stakeholders. Lowe said his report to ...

Opposition People’s Progressive Party/Civic (PPP/C) presidential candidate, Irfaan Ali Sunday night announced that US$500 million in oil revenues would be pumped into agriculture. “We already have a plan and programme that will see more than US$500 million invested in Guyana from Year One under the next People’s Progressive Party/Civic government. We did this before without oil and gas and we’ll ...

by Fitzgerald Yaw, Jr., Ottawa, Canada, November 9, 2011 The Nov 28, 2011 general election is critical to the direction of Guyana. The election is being held at a time of great challenge in the global economy. Guyana has not been as negatively impacted as some other countries by the instability in global markets because of its commodity based economy, ...