Category Archives: Economics/Finance

POLITICS: How Chinese Financing is Fueling Megaprojects Around the World

How Chinese Financing is Fueling Megaprojects Around the World

View the full-size version of this infographic. – 0r CLICK PHOTO

How Chinese Financing is Fueling the World’s Megaprojects

On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city.

Aside from the striking design, there’s another unique twist to this development — the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China’s $270 billion in “diplomacy spending” since 2000.          Continue reading

ENVIRONMENT: They are killing our forest- Brazilian tribe warns : BBC News

Two Awa children smile for the camera in 2014

Brazilian President Jair Bolsonaro has asked for $1bn (£720m) a year in foreign aid to reduce illegal deforestation in the Amazon rainforest.

But under Mr Bolsonaro deforestation in the Brazilian Amazon has soared, jeopardising the livelihoods of some of the world’s most vulnerable indigenous communities.

Our chief environment correspondent, Justin Rowlatt, has been trying to find out what this has meant for an Amazon tribe he first met back in 2010.          Continue reading

OPINION: The suffering, violence and corruption we choose – By Mosa Telford 

Stabroek News – By Mosa Telford

The Suffering

Hardships, distress and pain cling to us like skin on bones. The suffering many Guyanese face is rooted in living beneath the poverty line. But even when we have found our places of comfort and peace and believe that we will not suffer, we are soon reminded that we cannot escape.

Circumstances like long lines at the Central Immigration Passport Office have returned to remind us of our suffering. Despite there being offices in Linden and Berbice, we have regressed.        Continue reading

GUYANA: AFC issues `white elephant’ warning over gas to shore project

In a statement today, the AFC noted that the government was relying on studies which had been developed during the last administration in which the AFC was a coalition partner of APNU.        Continue reading

Mapped: Global GDP Forecasts for 2021 and Beyond – By Visual Capitalist

      Global GDP Forecasts for 2021& 2022 – Guyana leads – see map

In the April 2021 version of its Global Economic Outlook, the International Monetary Fund (IMF) reiterated its expectations of a strong economic recovery over the next few years.

Economists acknowledged that, while the path of the pandemic remains uncertain, global vaccine rollouts represent the light at the end of the tunnel. As a result, global GDP growth forecasts for 2021 and 2022 sit at +6.0% and +4.4% respectively.

In this Markets in a Minute chart from New York Life Investments, we’ve mapped the IMF’s country-level GDP forecasts to see which areas are expected to have the greatest rebounds.

READ MORE: https://advisor.visualcapitalist.com/animated-map-gdp-forecasts-for-2021-and-beyond/

Here is How To Start Building Wealth – By Lesley-Anne Scorgie | Toronto Star

Start Building Wealth…. Even Without Any Money – Seven steps

Lesley-Anne Scorgie | Toronto Star

If you’ve read my work for a little while you know I’m obsessed with Oprah Winfrey for a couple of reasons. First, she’s constantly inspiring people from all walks of life to rise up and do better for themselves and their communities; second, she got to where she is — a self-made billionaire — via hard work and having a plan, despite the odds stacked against her from childhood; and third, she changed my life completely after I was on her rags-to-riches show in 2001. The episode was called Ordinary People Extraordinary Wealth.            Continue reading

Former Barbados Government Minister jailed in US for laundering bribes

Donville Inniss

Donville Inniss

By

A former Minister of Industry and elected member of Parliament of Barbados was sentenced today to two years in prison for his role in a scheme to launder bribe payments from a Barbadian insurance company through bank accounts in New York, according to a release from the US Department of Justice.

Donville Inniss, 55, a U.S. lawful permanent resident who resided in Tampa, Florida, and Barbados, was convicted by a federal jury on two counts of money laundering and one count of conspiracy to commit money laundering on Jan. 16, 2020.        Continue reading

VIDEO: Scottish independence: could Britain break up? | The Economist

Scottish independence: could Britain break up? | The Economist – Published on April 18, 2021

The union between the nations of the United Kingdom is looking increasingly fragile, thanks to Brexit.

If Scotland were to break away from Britain it would face an uncertain future—as would the rest of the union.

VIDEO: The Unstoppable Growth of China’s High-Speed Rail Network

VIDEO: The Unstoppable Growth of China’s High-Speed Rail Network

How China out-built the world on high-speed rail. Produced by B1M – posted March 31, 2021

GUYANA: Guyana Oil Company (GUYOIL) turmoil – inquiry into corruption launched

By   – Commentary   

While there is still much to be learnt about what has transpired, the ongoing turmoil at the Guyana Oil Company (GUYOIL), will be a test of the PPP/C government’s professed intolerance of corrupt behaviour and commitment to good governance.e

On the sidelines of an event at the Dharm Shala on Friday, Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh was pellucid when he stated, according to the Department of Public Information, “We have absolutely no tolerance in this government for any corrupt practices…we would be guided by the results of the Auditor General. I assure you that we will take combined action against any parties, who might have been, in the event of any inappropriate practices being identified”.          Continue reading