Guyanese OnlineDate: Saturday 4th December 2021
Time: 5.00 PM Guyana – 4.00 PM New York – 9.00 PM London
The NRF was enacted in 2019 under the previous APNU+AFC administration. At the time, the government had explained that the legal framework for the fund includes provisions for public oversight management, the nature and source of deposits, withdrawals, including Parliamentary approval, and determination of amounts to be withdrawn. However, the PPP/C which was then in opposition, had contended that the framework is complex and places too much authority in the office of the finance minister. After assuming office in 2020, the PPP/C led government began moving towards overhauling the legal framework for the fund and has said it hopes to table the draft legislation before the end of the year. Continue reading
VP-Bharrat-Jagdeo
OilNOW – 18 November 2021
Guyana’s Vice President Dr. Bharrat Jagdeo said the Government is seeking to assemble a group of strong local auditors to collaborate with an international firm for the audit of ExxonMobil’s post-2017 costs.
“We have made it clear what our intention is, to have local people involved,” the VP said on Wednesday, November 17, 2021.
The government came in for criticism lately from sections of Guyanese civil society because it hasn’t yet contracted a firm. Continue reading
Nov 08, 2021 –Kaieteur News – Former Finance Minister Winston Jordan, has expressed grave concerns over Guyana’s borrowing spree and he also questioned the legality of a letter sent to the Chinese ambassador regarding a loan request of US$1.5B, which he said was signed by a finance ministry official instead of the subject minister who according to Section 58(1) of the Fiscal Management and Accountability Act 2003 (FMAA), has the sole authority to borrow on behalf of the Government of Guyana.
In a letter to the editor of this newspaper, Jordan said that he had begun to hear rumours, around March, about the government’s approach to China for loans totalling US$1.5 billion, to finance various infrastructure projects. Continue reading
Kaieteur News – Oct 31, 2021
The news is almost all disturbing this week. I worked overtime to find positives. Deputy Speaker of Guyana’s Parliament, the Hon. Lenox Shuman, is finding his voice, shaking off the rust; I am delighted for him. Mr. Shuman has called on the President to finalise the appointments of Chancellor of the Judiciary and Chief Justice, along with those of Commissioner of Police and Chief of Staff of the Guyana Defence Force.
It is a sound call from the Deputy Speaker, one that is overdue. Looking closely at these four crucial positions, it is easy to discern that the first three are overseers of law, peace, and security nationally, while the fourth is of the maintenance of order at our borders. Continue reading
By OilNOW – October 26, 2021With the arrival of Liza Unity floating, production, storage and offloading (FPSO) unit, Guyana’s oil production is expected to triple by 2022 as the vessel is set to develop approximately 600 million barrels of oil.
ExxonMobil Guyana in a statement on Tuesday October 26, noted that Phase 2 startup is expected in early 2022.
The Liza Phase 2 development will produce up to 220,000 barrels of oil per day from the Liza Unity FPSO, which will be supported by a total of six drill centres and approximately 30 wells. This includes 15 production wells, nine water injection wells and six gas injection wells. Continue reading
By Kellon Rover – October 25, 2021- DPI Guyana
Guyana’s Minister of Public Works, Bishop Juan Edghill, MP, on Sunday October 25, met with the high-level Barbados Housing and Investment Mission team at the Watooka Guest House Linden, Region 10.
Headed by Barbadian Minister of Transport, Works and Maintenance, Dr. William Duguid, the visiting delegation arrived in Guyana last Friday to seek investment opportunities and strengthen trade relations between the two CARICOM nations.
Take a look at Guyana’s performance at the Dubai Expo. Very good showcase from #TeamGuyana
Released October 19, 2021
A US$5M investment to develop a 20,000 square foot manufacturing facility intended to produce biaxial voided slab technology in Guyana is the first manufacturing international joint venture partnership and investment between Guyana and the United Arab Emirates (UAE).
The partnership was facilitated by Guyanese merchant bank, Smart City Clearing Company Limited, between Guyanese-based engineering, procurement, and construction firm, Global Infrastructure Solutions Guyana Inc, and Undiome Global DWC LLC, an Emirati-owned company. Continue reading
Money Laundering: Nigerian Anti-Corruption Tsar Tells Britain’s Boris Johnson:
‘There are thieves and there are receivers, London is most notorious safe haven for looted funds in the world today’
A senior anti-corruption adviser to Nigerian president Muhammadu Buhari today issued a stinging rebuke to Boris Johnson’s claim that Britain is “not remotely a corrupt country” – saying the UK is in fact a major enabler of looted funds from Nigeria.
Professor Sadiq Isah Radda, who is the executive secretary of the Presidential Advisory Committee Against Corruption in Nigeria, told the British Prime Minister that London was actually “the most notorious safe haven for looted funds in the world today”. Continue reading →
Share this:
Like this: