Category Archives: Government

Venezuela: Illicit Trade Represents 21% of Venezuela’s GDP: Is This Our Post-Oil Future?

07/23/2022 – 10:41 pm

Venezuela – Click to enlarge

Tony Frangie Mawad | Caracas Chronicles

 After calculating the current annual worth of drug, gold and gasoline trafficking and port smuggling in Venezuela, a study by the local chapter of the anti-corruption nonprofit Transparency International — with estimates from Ecoanalítica, a Venezuelan economic consulting firm — concluded that these illegal economies made up 21.74% of Venezuela’s GDP last year.

“This means they are more powerful than any other economic sector right now, including oil,” says Mercedes De Freitas, Transparencia Venezuela’s executive director. “And we are talking only about the size of four of these economies, the most important ones. THERE ARE OTHER ILLICIT TRADES: Certain types of food smuggling, diesel smuggling, cooking gas trafficking, human trafficking or timber trafficking, which could be important in some regions.”       Continue reading →

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GUYANA: Building Expo 2022- Govt. pledges millions of dollars in free building materials for eligible applicants

07/23/2022 – 9:55 pm

Building Expo 2022… -Slashes interest rates for houses and buildings

Scenes from Friday 22 July Launch of Building Expo 2022.

By Shervin Belgrave – Kaieteur News  – Guyana’s largest and most anticipated Building Exposition officially opened on Friday afternoon at the Providence National Stadium.

The event was noticeably enveloped by grandiose decorations, state-of -the-art architectural layouts for hundreds of booths and all the pomp and ceremony, one could envision for the opening that featured presentations from President, Irfaan Ali; Housing and Water Minister, Collin Croal; and Minister within his ministry; Susan Rodrigues.

READ MORE: https://www.kaieteurnewsonline.com/2022/07/23/govt-pledges-millions-worth-of-free-building-materials-for-eligible-house-lot-applicants/#

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GUYANA: Four Points by Sheraton in Houston fits into expansion of economic zone – President Ali

07/22/2022 – 12:09 am
– Says project strategically aligned to Govt’s development goals

His Excellency Dr Irfaan Ali said that Four Points by Sheraton – Marriott Bonvoy to be constructed at Houston, along the new Eccles to Mandela Road link, is just one component of the rapid economic zone set to change the landscape of the country.

He noted that the hotel, which is being developed by Caribbean Green Building Inc., would be a “natural spin-off” for development and key to the growth and progression of the area.

He stated that the area would have a private sector industrial/commercial development to support the oil and gas sector, which would be a part of a huge commercial zone, an upscale housing development, a medical and technological zone, and a service hub.        Continue reading →
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UK: Rishi Sunak steps up attack on Truss tax cuts as poll puts his rival – Liz Truss -well ahead

07/22/2022 – 12:06 am

Former chancellor says opponent’s economic policies risk stoking inflation and pushing up interest rates

Rishi Sunak

Rishi Sunak

, and Thu 21 Jul 2022 20.23 BST – The GUARDIAN. UK

His attack came as a new poll of Tory party members gave Truss a commanding lead in the race to become prime minister.

Tax and spending has become the key battleground in the hard-fought contest, with Sunak insisting that cutting taxes immediately, as Truss has promised, would risk exacerbating the cost of living crisis.          Continue reading →

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GUYANA: World Bank slams Guyana over lax oversight of Exxon’s operation

07/17/2022 – 10:03 pm

Jul 17, 2022 – Kaieteur News – A recent report by the World Bank has criticised the Guyana Government’s offshore oil production arrangement with Esso Exploration and Production Guyana Limited (EEPGL)—ExxonMobil Guyana—based on safety, environmental concerns and inadequate payment and has since downgraded its rating of the country’s oversight of the project.

The report dated March 2022, documents the World Bank issuing an interim report that found the country’s rating had slipped from “Moderately Satisfactory” to “Moderately Unsatisfactory.”

According to the World Bank, while grant activities have been designed to help Guyana boost staff, experts, training and analysis at the Ministry of Natural Resources and Ministry of Finance, this came to a halt at the end of 2021. This is despite the fact that grants made to the country were expected to support work through 2024. Meanwhile, flaring pollution and other risks continue.    Continue reading →

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OPINION: Bribery and corruption – By Neville J. Bissember

07/17/2022 – 10:00 pm

By Neville J. Bissember

In February 1999, as the second round of negotiations on a successor Agreement to the Lome Convention advanced – the name Cotonou had not as yet been determined – the African, Caribbean and Pacific (ACP) Group and the European Union (EU) travelled to Senegal to hold those discussions, honoring the tradition of an ACP Member State playing host to a session.  Besides the EU’s intention to “balkanise” the grouping into six regional trade blocks and to dispense European Development Fund assistance differently, a priority area for them in the political dimension of the cooperation arrangement was on introducing good governance, which included addressing bribery and corruption, as an essential element.    Continue reading →

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Guyana: Opposition Leader Aubrey Norton asks youths to “desist” from robbing people during protests;

07/16/2022 – 12:06 am

GUYANA: Opposition Leader Aubrey Norton warns of hidden motive to create ethnic tension

Posted by: Denis Chabrol in Demerara Waves –Saturday, 9 July 2022

Residents of Mon Repos on the protest line.

Opposition Leader Aubrey Norton has urged supporters to be cautious about protest marches whose aim is to spark off attacks on Indo-Guyanese, in the wake of last month’s assault and robbing of vendors at the Mon Repos Market, East Coast Demerara by a group of persons who marched from Golden Grove to protest the police killing of a resident.

Addressing an event at Golden Grove, he urged supporters to desist from robbing persons. “We will fight for justice for all ethnic groups and so I want to urge the young ones, who seem to believe that every protest is an opportunity for them to rob people, to desist. They are destroying the struggle of the people,” he said.            Continue reading →

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GUYANA: Read the latest edition of Energy Magazine – Q2 2022 Edition – 52 pages

07/15/2022 – 11:01 am

Click: Read the latest edition of Energy Magazine

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GUYANA: Trouble in sugar estates as GAWU steps up protests

07/14/2022 – 10:00 pm

– Albion, Uitvlugt workers confront managements on pay, other issues

Jul 14, 2022 – Kaieteur News – Against the background of widespread dissatisfaction over the management of the Guyana Sugar Corporation (GuySuCo) workers backed by their union have stepped up industrial action on various issues ranging from incentives to lack of respect.

On Tuesday workers at Uitvlugt took strike action against the corporation and on Wednesday it was the staff at Albion. According to a Guyana Agricultural and General Workers Union (GAWU) statement on Wednesday morning several shop stewards at Albion Estate staged a picketing exercise outside of the estate calling on GuySuCo to treat workers with respect.  “For some time now, workers have been expressing concerns with the attitude of certain managers towards the workers. Despite such concerns being drawn to attention, some managers continue to advance an abrasive attitude,” the union said in a statement.  Continue reading →

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FARMING: Nitrogen Reduction Plans spur demonstrations worldwide – Netherlands video featured

07/12/2022 – 10:50 pm

SKY NEWS – AUSTRALIA

Netherlands Agricultural and Horticultural Organization’s Wytse Sonnema says there’s a broad sense of “frustration, anger, even despair” amongst farmers amid proposals for nitrogen reduction target plans. Farmers are protesting around the Netherlands over the government’s new policy which would see the country slash nitrogen oxide and ammonia emissions by 50 per cent by 2030.    Continue reading →

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