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News

CDB President dropped from press conference panel

The Caribbean Development Bank (CDB) on Friday indicated that it has dropped its President, Dr Hyginus ‘Gene’ Leon from its annual press conference which has now been pushed back by almost one month. In its latest advisory for the now slated February 20, 2024 news conference, the line-up will be Vice-President Operations, Mr Isaac Solomon; Director, Economics Department, Mr Ian ...

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Unavoidable deadly Mahdia dorm fire linked to socio-economic conditions- Mahdia COI; President says greater emphasis will be on discipline

A Commission of Inquiry (COI) into the Mahdia Secondary School fire that killed 20 children last year has found that the “inferno” was linked to a number of socio-economic conditions in the mining community to which mainly girls are vulnerable. COI Chairman, Retired Major General Joseph Singh said the events and circumstances and the causes of the “appalling act of ...

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Jagdeo vs Ferguson: CCJ declares Guyana Court of Appeal can grant leave to hear appeal from evenly divided Full Court

The Caribbean Court of Justice (CCJ) on Friday, 19th January granted the application for special leave in the case of Bharrat Jagdeo v Annette Ferguson. The CCJ decided that the Court of Appeal of Guyana has jurisdiction to grant leave to hear an appeal from an evenly divided Full Court. On 9 January 2020, the Respondent filed proceedings in the High Court ...

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CDB president sent on administrative leave until April

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 ...

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Govt’s working population estimate is almost 1 million

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 ...

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Guyana govt to ask for more info about situation at Caribbean Development Bank

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 ...

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Several helicopters, vessels for police, defence forces

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 ...

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Need for long-term planning, savings- UG Economist

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 ...

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Update: CDB President in “ongoing administrative process” but bank silent on if officials sent on leave

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 ...

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