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News

Guyana without Ambassador to Venezuela

Foreign Secretary at the Ministry of Foreign Affairs, Carl Greenidge on Friday confirmed that several of Guyana’s Ambassadors and High Commissioners, including the key post of Venezuela, have been sent home. Mr. Greenidge says Cheryl Miles will be serving as Guyana’s Ambassador to Venezuela until December 31, 2019 after which she and others would be let go from the Foreign ...

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Oil traders head to Guyana for face-to-face contract bidding

At least half a dozen traders from Houston, Geneva and London are set to alight on tropical Guyana this weekend to bid on some of the first oil cargoes produced by the tiny South American nation, Bloomberg reported. Guyana has no experience in trading oil — and it’s looking to learn the basics from its very first buyer. The government ...

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Anti-piracy tracking devices for fishing vessels -MARAD

The Maritime Administration Department’s (MARAD) Director of Maritime Safety, Captain John Flores has issued a warning to would-be pirates. He said the regulatory agency would be implementing an Automatic Identification System (AIS) to track vessels plying Guyana’s waterways. According to Flores, in the event of a piracy attack, a distress signal will be sent to any of MARAD’s maritime safety ...

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United States financing humanitarian aid to Venezuelan refugees in Guyana

The United States (U.S.) says it has provided nearly US$4 million in humanitarian assistance to Venezuelan refugees in Guyana since fiscal Year 2017. “Funding includes increasing Venezuelans’ access to legal status, promoting social integration in host communities, and improving support and access to social services,” the American embassy in Georgetown said in a brief statement. The U.S. disclosure coincides with ...

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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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