Gold to help weakened oil sector in keeping negative impacts of COVID-19 at bay
Early on in 2019, Guyana had received forecasts from several international agencies such as the International Monetary Fund (IMF) regarding unprecedented GDP growth in...
$264M Solar Farm at Mabaruma to be fully operational by month end
The first ever solar farm located at Mabaruma is expected to be fully operational by the end of this month. The government says the...
Govt. proposing use of sliding scale rule for withdrawals from first US$5B deposited into...
Senior Finance Minister, Dr. Ashni Singh recently tabled the Fiscal Enactments (Amendment) Bill 2024 in the National Assembly which proposes amendments to the domestic...
Harmon justifies transfer of US$18M signing bonus to Consolidated Fund over two years later
After keeping the controversial US$18M signing bonus at a special account in Central Bank for over two years, the Guyana Standard understands that the...
Spend but keep receipts, independent audits will be done –IMF tells borrowing countries
Even as it provides borrowing countries with critical funds for COVID-19, the International Monetary Fund (IMF) is urging governments to “keep receipts” so that...
World Bank approves US$6M in financing for COVID-19 response, vaccines in Guyana
The World Bank today approved US$6 million in additional financing for the Guyana COVID-19 Emergency Response Project to support affordable and equitable access to COVID-19 vaccines...
To fund Trillion dollar budget, Govt. plans to take more money from oil account
During the unveiling of his $1.146 trillion budget for 2024, Senior Finance Minister, Dr. Ashni Singh disclosed on Monday that his government intends to...
Germany to fund € 2.3M Climate Resilience, Sustainable Energy Project in the Caribbean
With climate change continuing to wreak havoc around the world – including the Caribbean Region – the Caribbean Community (CARICOM) is expected to benefit...
Unpacking Kenrick Hunte’s flawed analysis on Guyana’s oil & gas industry
Summary
The recent analysis by Kenrick Hunte suggests that he hasn’t taken the time to study petroleum economics literature. At least the basics. Because, had...
IDB has approved record US$21.6B to help Latin America, Caribbean fight COVID-19
The Inter-American Development Bank (IDB) Group has mounted a historic effort in 2020 to assist its 26 member countries in Latin America and the...
