By Geoff Burrowes
Recently, my old friend Jai Naipaul made a very profound remark. He does from time to time – though not as often as he thinks!
We became friends on the hatch of the MV Mabiri while we were waiting for the Demerara tide to turn so we could dock. We were 15 years old at the time and were returning from the Jubilee Jamboree in England, and Georgetown was so near and yet so far, until the tide came in! Jai and a scout called Edwin Moses and I had a good gaff and we found kindred spirits in one another! Hence our friendship, thousands of miles north in Toronto, Ontario, Canada, 63 years later! Continue reading
Economics: 90% of the world will be worse off by year end – IMF’s Managing Director
In early January, the International Monetary Fund (IMF) had predicted that 160 countries would finish the year with larger economies and positive per capita income growth. With the onset of the COVID-19 pandemic, the IMF’s Managing Director, Kristalina Georgieva, recently noted that those positive predictions have been shattered.
According to the IMF’s latest assessment, Georgieva said that 170 countries—which represent almost 90 percent of the world—will be worse off with lower per capita income by the end of 2020. The official said that such a tremendous reversal of fortunes has never been seen before. Continue reading →
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