– By Ralph Ramkarran – February 19, 2022 Conversation Tree Blog
The spectacular possibilities that await Guyana were revealed at the recently concluded Oil & Gas conference. Government spokespersons, led by President Irfaan Ali, Prime Minister Mark Phillips and Vice President Bharrat Jagdeo, and other officials, revealed plans, set out priorities and declared objectives. The head of Exxon talked about the possibilities of the oil industry and its growing potential. Not only will production increase but discoveries will multiply. The official estimate of reserves is 10 billion barrels, the unofficial 13. Guyanese can begin to think realistically of a potential of 20 billion and hope for 30 billion.
This was a conference to encourage investment and investors were represented. But the Heads of Government who attended – from Barbados, Suriname and Ghana – spoke about the interests of the Guyanese people. Even though Guyanese leaders did so as well, it was clear that uppermost in the minds of conference participants was investment opportunities, and not wages and working conditions for the jobs that would be created. Continue reading
GUYANA: POVERTY AND POVERTY REDUCTION IN GUYANA — by Ralph Ramkarran
Posted by Ralph Ramkarran January 28, 2023- Conversatin Tree Blog
The United Nations has more experience than any other international agency in the study, measurement and eradication of poverty. It has embarked on the Third United Nations Decade for the Eradication of Poverty (2018-2027), having completed a first and a second decade. In its recent reports tracking poverty rates, the UN has used earnings of below US$1.90 per day as the basis of measuring poverty. Those living on less than US$1.90 per day are considered as living below the poverty line. Numerous measures have been discussed and debated over decades to lift people above the poverty line, and prior to the covid-19 pandemic, great successes have been achieved in reducing poverty. Continue reading →
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