GuySuCo hits rock-bottom, Chairman begs Granger for funds to survive beyond this week
The Guyana Sugar Corporation (GuySuCo) has reached rock-bottom. The state-owned company is neck-deep in $2.1B debt, the cash in hand is barely enough to...
Caribbean, Latin American region will see worst economic contraction ever-ECLAC Executive Secretary
According to the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, the coronavirus (COVID-19) pandemic will lead...
Exports from Latin America, Caribbean contract by 3.2% in 2020 first quarter
Since 2019, trading for Latin American and Caribbean countries showed serious signs of frailty. But the onset of the novel coronavirus has only made...
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...
Ultimate impact on our financial health hinges on resolution of election impasse-Citizens Bank
While the COVID-19 pandemic and the unsettled decision of the 2020 elections results present several immediate risks, the Board Members of Citizens Bank remains...
CARICOM Countries will be buried in deeper debt with IMF’s money for COVID-19-Sir Sanders
The cost to respond effectively to the novel coronavirus has left many CARICOM member states with a wall of debt. And throughout the pandemic,...
Our financial capacity has been built for times like this – ExxonMobil CEO
Even though the coronavirus has dealt several devastating blows to the financial health of top industry leaders, leaving many of them with a flickering...
Liza Phase 1 largely unaffected by COVID-19, should reach full capacity this quarter-ExxonMobil CEO
Oil Majors leading many production fields across the globe have been forced to engage in well shut-ins due to rapidly declining demand following the...
“We must leverage the ‘Commonwealth Advantage’ to counter the economic fallout of COVID-19″
By Patricia Scotland, Secretary General of the Commonwealth
(CMC Feature- Caribbean Health) – The world is bracing for a massive hit to the global economy...
Rosy GDP forecast conceals true economic damage from COVID-19, de facto govt. -Financial Analyst
As a result of the COVID-19 pandemic, Guyana’s high expectations of an 86 percent growth in Gross Domestic Product (GDP) are no more. In...
