Category Archives: Chinese investment in Guyana

Pompeo: US wants to grow Guyana; says China’s money comes with strings

  • Don’t spread fake news  – Chinese Embassy

US State Secretary, Michael Pompeo yesterday said that China’s investments come with strings, but that the US brings Foreign Direct Investment (FDI) that is clean, drawing the ire of the Chinese Embassy in Guyana, which urged Pompeo not to spread fakes news.

US Secretary of State, Mike Pompeo

“The United States model is to build out on the best things of your country,” He said. “We’ll show up, we’ll bring capital, we’ll bring resources, we’ll often bring technological capabilities that are much needed to develop resources, develop infrastructure for your country, but we don’t do so with political strings tied to them. We don’t operate the way other regimes do, who might show up with money and then demand political retribution, or worse yet, engage in activity that is corrupt.”          Continue reading

OPINION: Canadian company walks away with US$238M; now we begging for US$100M loan to build a bridge

Demerara Harbour Bridge – built 1970

Foreign investors, wherever they go, do so for two main reasons: to enrich the host country so that the people can benefit; and to enrich themselves. However, in Guyana, foreign investors behave like scavengers, raping our wealth and leaving us dry, pale and penniless and with wounds which would never heal.

Guyana Goldfields is a prime example. A group of Canadians came here and set up shop. Our government handed them huge swathes of prime mining lands and they enjoyed duty and tax-free concessions galore to the tune of billions. in Guyana dollars.  Continue reading