Category Archives: finance and trade

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

PROFILE: AA Thorne: Guyanese politician, trade unionist, journalist and educator – By Nigel Westmaas 

AA Thorne
AA Thorne

Described as the “lean man with the jerky gait”, Alfred Athiel Thorne straddled the political and social life of Guyana for more than 60 years, in a career spanning from the late 19th to mid-20th century. Yet little is known in modern times about this titanic figure in the political and social life in colonial Guyana and his significant roles in supporting and struggling on behalf of the working class and other causes.

Contrast this with the reception accorded his contemporary, Hubert Critchlow, whose career and contributions are fairly well documented and recognized. This is surprising as Thorne arguably had an equally impactful career as his sometime rival Critchlow.        Continue reading

TRAVEL: The Airline Industry Hasn’t Collapsed; But That’s The Only Good News

By Volodymyr Bilotkach — The Conversation

We thought things would be so much better by now.

A year ago I wrote about the future of the airline industry. Along with many other experts, I expected international air travel by this point would still be below pre-pandemic levels but well on its way to recovery.  We are not even close.

After a disastrous 2020, in which passenger traffic globally fell by two-thirds, the International Air Transport Association’s latest forecast (published in February) doesn’t expect this year’s total traffic to be more than halfway back to pre-pandemic levels. Full recovery isn’t expected before 2023.    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/

OPINION: David Jessop | It’s time for a new US-Caricom partnership

| April 25, 2021 | 12:20 AM

Caricom Secretary General Irwin LaRocque (Photo at right}, noted a sense of optimism from the high-level meeting with the US Secretary of State.

Perhaps the most important aspect of the short statement issued in Washington after a first two-hour meeting last week between the new United States Secretary of State, Antony Blinken, and his Caricom counterparts was its emphasis on inclusion.      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: New Rule: Losing to China | Real Time with Bill Maher (HBO)

VIDEO: New Rule: Losing to China | Real Time with Bill Maher (HBO)

Bill warns Americans that while they’re busy obsessing over silly culture wars, China is overtaking them on the world stage.

See comments on YouTube link: https://www.youtube.com/watch?v=2DH4v6FnbvM

Guyana’s Post-Pandemic Recovery – Two Part Panel Series – Webinar- April 29-30. 2021

Photograph of the Community Benab's interior in Wowetta, Guyana. A Benab is a traditional communal meeting place for many of Guyana's Indigenous Peoples. Benabs are made entirely out of natural material & are usually circular in shape.

Post-Pandemic Recovery in Guyana: Two Part Virtual Panel Series on Community-Centred Approaches

Description

Guyana is currently undergoing major socio-economic transformation. Little attention has been given to the country’s post-pandemic recovery, owing to the fraught political climate and sustained focus on the emerging oil & gas sector.

This two-part panel series seeks to address this gap by drawing attention to community-centered development approaches in two pillars of the country’s future trajectory, Guyana’s Indigenous Peoples and its Diaspora.        Continue reading

USA Politics: Republicans Made A Foolish Bet On The Biden Agenda – Opinion

 Jennifer Rubin | The Washington Post

THE ECONOMY LOOKS READY TO TAKE OFF IN A WAY WE HAVE NOT SEEN FOR 30 YEARS. The International Monetary Fund predicts that the U.S. economy “will surpass its pre-pandemic size as growth reaches 6.4% this year …. up 1.3 percentage points from the group’s forecast in January,” CNN reported.

The IMF predicts the $1.9 trillion rescue plan will “deliver a strong boost to growth in the United States in 2021 and provide sizable positive spillovers to trading partners,” and, as a result, the “recession is likely to leave smaller scars than the 2008 global financial crisis.”        Continue reading

FINANCE: Why Central Banks Want To Get Into Digital Currencies – VIDEO

Why Central Banks Want To Get Into Digital Currencies – CNBC

Intense interest in cryptocurrencies, like bitcoin, and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own. Advocates argue that central bank digital currencies, or CBDCs, can make cross-border transactions easier, promote financial inclusion, and provide payment system stability.    Continue reading