Tag Archives: poverty

GUYANA: POVERTY AND POVERTY REDUCTION IN GUYANA — by Ralph Ramkarran

Posted by Ralph Ramkarran January 28, 2023- Conversatin Tree Blog

There is no dispute that much poverty still exists in Guyana. Its existence and alleged absence of solutions to relieve it were among the highlights of the Budget Debate last week, uninspiring as many of the speeches were.

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

GUYANA: Grasps at Prospect for Progress in the New Year – by Ralph Ramkarran

Ralph Ramkarran

Predictions of significant economic growth in Guyana due to the developing petroleum industry are being realized. Guyana’s Gross Domestic Product (GDP) in 2021 was US$8.04 B., representing a 20 percent growth rate. GDP reached the US$4 B mark in 2012 and increased to US$5 B in 2019. From US$8.04B in 2021 the GDP is projected to grow in 2022 by 56 percent which will take its projected GDP to US$12+ B. Its per capita income grew from US$9,000+ to US$10,000+.

Increased spending projections for 2022 reflected the increased GDP for 2021. For example, spending by the Ministry of Works is due to increase from G$40 B in 2021 to G$96 B in 2022. It is due to increase from G$39 B to G$57 B for the Ministry of Health, G$25 B to G$33 B for the Ministry of Education and G$19 B to G$29 B for the Ministry of Agriculture. Total budget projects for 2022 are expected to be G$553 B.                Continue reading

ECONOMY: 2021 Top 10 Financial Predictions – By Neil McCoy- Ward – VIDEO

ECONOMY: 2021 Top 10 Financial Predictions – By Neil McCoy- Ward – Premiered Feb 6, 2021 

1. The Economy: We will continue to see negative growth this year, measured against the real production of goods and services in the economy. If we take away the Government & Central bank fake GDP (which is not creating any value in the economy).
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2. Unemployment: Will rise again this year once Governments stop the current unemployment benefits. There are a number of labour shortages currently because a number of people have been disincentivized from returning to work as they earning more money by not working than they would be by working.

GUYANA – The plight of the working poor – commentary

The plight of the working poor

SEPTEMBER 3, 2015 | BY KNEWS| FILED UNDER EDITORIAL

In Guyana, life is a continuous struggle for survival, especially for the poor and the working class. The struggle is oftentimes punctuated by spells of frustrations and suffering as a result of neglect by the authorities.

Giving up on their dreams and aspirations should never be an option. Guyanese from all walks of life and from various ethnic backgrounds have big dreams and ambitions, but limited means to achieve them. The struggle is made even more difficult when those things they seek to achieve remain elusive, not because of their own failures, but because of the sloppiness of others, especially those who are in positions to lead.

Nowhere else is this perpetual struggle more visible than among the masses in Guyanese; so much so, that it has become a permanent part of their socio-economic malaise.  Continue reading

Guyana- Putting country first – commentary

Guyana Map 2015

Guyana Map – click to enlarge

Putting country first

July 21, 2015 | By | Filed Under Editorial

Despite all the financial and economic problems facing the country especially with the sugar and rice industry, Guyana has an abundance of natural resources, arable land, mineral deposits, natural ports and a young and educated population to move the country forward.

With the recent discovery of oil, the economic growth potential in Guyana is very high. Despite these advantages, poverty, unemployment and crime, especially among the youths are on the rise in Guyana and the country continues to face serious economic and social challenges. Continue reading

Dirty Money Outflows High from Guyana – Global Financial Integrity (GFI)

News Americas, WASHINGTON, D.C., Mon. June 8, 2015: Dirty money flows are “pervasive and pernicious in the developing world” and one Caribbean nation has cracked the top 25 list globally, seeing a high illicit financial outflows compared to total trade.

The Washington, DC-based research and advisory organization Global Financial Integrity (GFI) lists Guyana as the only Caribbean country to make the list. In a report titled “Illicit Financial Flows and Development Indices: 2008–2012” and released last week, the GFI included Guyana in the list along with a number of African, Pacific and Central American nations.  Continue reading

The Tragedy of the Boat People: The Sea is not a Cemetery – By: Dhanpaul Narine

The Tragedy of the Boat People: The Sea is not a Cemetery

Dr. Dhanpaul Narine

Dr. Dhanpaul Narine

By: Dhanpaul Narine

It is brutal, heartless and disgraceful and it happens in oceans of despair.  It has been called slavery of the 21st century, an emergency and a crisis that defies description. The Mediterranean boat crisis continues to grab the attention of the world as politicians scramble to devise solutions. There was a time when the boats ferrying souls seeking a better life would disappear in the seas with little thought given to them. But these are modern times with the social media bringing to our doorsteps the plight of the boat people.

Can the world show compassion to a segment of the population that is asking for a second chance? This may appear to be a simple question but in reality the boat crisis is interwoven with politics, wars, poverty and countries seeking to secure their borders at all costs.  The problem of the boat people has not just arrived at the door of Europe. It has a history written with the indelible ink of cruelty that began in the developing world.   Continue reading

APNU+AFC launches ”The People’s Manifesto” – its official document

Download the Manifesto: http://apnuafc.net/wp-content/uploads/2015/03/APNU-Manifesto.pdf

APNU+AFC launches ”The People’s Manifesto” – its official document

Crowd at Stabroek Square at APNU+AFC Manifesto Unveiling

Crowd at Stabroek Square at APNU+AFC Manifesto Unveiling

The Guyana Chronicle – May 1, 2015 – By Ravin Singh

TAKING their pact with Guyanese straight to the people at the famous Stabroek Market Square yesterday afternoon, the A Partnership for National Unity + Alliance For Change (APNU+AFC) coalition launched what has been described as their ‘war manifesto’, aimed at “fighting” six major wars allegedly plaguing Guyana. Presidential candidate of the coalition David Granger described the document as “The People’s Manifesto”, which was birthed out of the six-party coalition and aimed at fighting six major wars in the country

The issues outlined, were: The war against poverty; the war against disunity; the war against crime; the war against dictatorship; the war against cronyism; and the war against corruption. Continue reading

Five Charts That Show How the Middle Class Is Disappearing

Five Charts That Show How the Middle Class Is Disappearing

MiddleClass012815

 

The middle-class is feeling an income squeeze as economic policies continue to fuel inequality. Guess where the money is going as the middle class is disappearing and slipping into poverty?

Already the richest country in the world, the United States reached its highest cumulative wealth ever in 2013. It ranked fourth in the world in wealth per person, with $348,000 for every American adult.

But the average American wouldn’t know it. Thanks to economic policies that favor the super-rich and fuel inequality, the typical US adult’s total wealth is $31,688 — not even close to $348,000. Continue reading

Messages of Hope for a Brighter Future – By Tangerine Clarke

Messages of Hope for a Brighter Future

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