– says Committee Chairman Jermaine Figueira
According to a statement issued by Figueira, who is also an A Partnership for National Unity + Alliance For Change (APNU+AFC) Member of Parliament (MP), the proposed amendment will make way for the PAC to mimic the standing order of the Parliamentary Management Committee, which provides for five members to be a quorum of which– two members represent government, two represent the opposition and in which the speaker or deputy speaker is the Chairman. Continue reading
GUYANA: Govt. puts hold on US$20M World Bank loan to strengthen scrutiny of oil sector
Since the PPP/C Government has not requested any disbursements from a US$20M loan Guyana took three years ago to help strengthen the nation’s capacity to manage the oil sector effectively, the World Bank said it has been forced to downgrade the country’s performance score on the loan.
The latest implementation status and results (ISR) report recalls that the money was approved on March 29, 2019 for the Guyana Petroleum Resources Governance and Management Project (GPRGMP). The programme’s objective is to ensure the enhancement of legal and institutional frameworks and the strengthening of the capacity of key institutions to manage the oil and gas sector.
A Financing Agreement in the amount of US$20 million was signed and declared effective on April 11, 2019 under the David Granger administration. The ISR, which was reviewed by Kaieteur News presents the implementation status of GPRGMP as of March 2022. Continue reading →
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